The FHA retains a roster of approved appraisers for each state - CornerStone Appraisals, Inc. is on the roster of approved appraisers for Florida.
We're qualified and approved to do appraisals for FHA secured financial transactions.
Part of the continuing training our staff at CornerStone Appraisals, Inc. receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending company takes care of all the funds being borrowed - the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to aid low-to-moderate income homebuyers by easing credit qualifications.
Unlike the VA appraiser panel, the lending organization working with FHA is allowed to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely beneficial to those purchasers with less available starting capital.
