Need an appraisal for an FHA-backed mortgage? Call Raymond Appraisal Services

We are happy to say that Raymond Appraisal Services is an FHA-certified appraisal practice in FL. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. Part of the periodic training our staff at Raymond Appraisal Services undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.

An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.