Need an appraisal for an FHA-backed mortgage? Call Shannon Waters-MitchellWe confidently state that Shannon Waters-Mitchell is an FHA-approved appraisal service in Florida. This indicates that we are certified and approved by the FHA to do appraisals for house loans backed by them. A certain amount of the regular training our staff at Shannon Waters-Mitchell completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Shannon Waters-Mitchell if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are built 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. FHA loan programs are extremely useful to those consumers with less accumulated cash. |