Need an appraisal for an FHA-backed mortgage? Call Island House Appraisals Inc

The FHA publishes a list of approved appraisers for each state - Island House Appraisals Inc is on the roster of approved appraisers for FL. If you have an FHA-secured mortgage, be sure to get with Island House Appraisals Inc, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income consumers help meet credit expectations if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are excessively helpful to purchasers with less starting income.