Gerald King can do FHA backed loansWe confidently state that Gerald King is an FHA-certified appraisal company in Florida. We are certified and approved to do reports for FHA secured loans. Part of the regular training our staff at Gerald King completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your financial transaction is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Accessible to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember that the lending agency approving a loan associated with the FHA is free to pick which appraisers they work with, unlike the VA appraisal panel.The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser incomes or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.