We assure you that Boyle Appraisal Group is an FHA-certified appraisal practice in Connecticut.
If you have an FHA-secured loan, be sure to hire Boyle Appraisal Group, as we are approved and qualified to perform FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Boyle Appraisal Group is well-trained on how to work in accordance with the rules and regulations provided.
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 secured by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with Federal Housing Administration actually has the freedom to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lower incomes or less starting funds to put down on a financial transaction are helped the most from FHA loan programs.
