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. If you have an FHA-secured mortgage, be sure to get with Capuano Appraisal Services, LLC, as we are approved and qualified to perform FHA appraisals. A certain amount of the regular training our staff at Capuano Appraisal Services, LLC completes deals strictly with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
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 financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all purchasers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting money to use as a down-payment on a financial transaction are helped the most from FHA loan programs.