Escarosa Appraisals LLC is approved for FHA backed loansEscarosa Appraisals LLC is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Escarosa Appraisals LLC, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Escarosa Appraisals LLC is well-trained on how to follow the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lenders that 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 FHA offers are excessively useful to purchasers with less starting capital. |