Need an appraisal for an FHA-backed mortgage? Call Patricia Stillman AppraisalsRest assured that Patricia Stillman Appraisals is an FHA-certified appraisal provider in FL. If you have an FHA-mortgage, be sure to hire Patricia Stillman Appraisals, as we are approved and certified to perform FHA appraisal reports. A certain amount of the regular training our staff at Patricia Stillman Appraisals undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal 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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to assist low-to-moderate income purchasers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are extremely beneficial to buyers with less starting income. |