Need an appraisal for an FHA-backed mortgage? Call Shannon Waters LLC (727) 504-4969Shannon Waters LLC (727) 504-4969 is FL state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. A certain amount of the regular training our staff at Shannon Waters LLC (727) 504-4969 undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Shannon Waters LLC (727) 504-4969 if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. 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 funds to put down on a financial transaction benefit the most from FHA loan programs. |