Bower Appraisal Inc. is your FHA certified appraisal companyBower Appraisal Inc. is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Bower Appraisal Inc., as we are approved and qualified to perform FHA appraisals. A portion of the ongoing training our staff at Bower Appraisal Inc. undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting capital to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs. |