Need an appraisal for an FHA-backed mortgage? Call Capuano Appraisal Services, LLC
Capuano Appraisal Services, LLC is VA state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisals for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Capuano Appraisal Services, LLC is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting capital to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.