Need an appraisal for an FHA-backed mortgage? Call DANIEL I KANDEL
The FHA keeps a roster of approved appraisers for each state - DANIEL I KANDEL is on the roster of approved appraisers for FL. If you have an FHA-secured loan, be sure to contact DANIEL I KANDEL, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at DANIEL I KANDEL is well-trained on how to comply with the rules and regulations provided.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are excessively useful to purchasers with less starting income.
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