Need an appraisal for an FHA-backed mortgage? Call DANIEL I KANDEL
DANIEL I KANDEL is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to contact DANIEL I KANDEL, as we are approved and certified to perform FHA reports. A certain amount of the ongoing training our staff at DANIEL I KANDEL completes deals precisely with decoding the FHA's documentation and their rules and procedures.
Be sure to contact DANIEL I KANDEL if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those homebuyers with less accumulated cash.
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