Need an appraisal for an FHA-backed mortgage? Call J. Boyles Appraisals, LLC
J. Boyles Appraisals, LLC is CT state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all buyers, FHA loan programs are created to assist 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 benefit the most from FHA loan programs.