JJS Appraisals is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - JJS Appraisals is on the roster of approved appraisers for FL. This means that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an report 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 secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications 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. Buyers with lesser income or less starting money to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |