Need an appraisal for an FHA-backed mortgage? Call OT Appraisals IncWe assure you that OT Appraisals Inc is an FHA-certified appraisal provider in FL. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at OT Appraisals Inc is well-trained on how to follow the rules and regulations provided. 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. If your loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs. |