Need an appraisal for an FHA-backed mortgage? Call Timeline Appraisal Services, LLC
Timeline Appraisal Services, LLC is AZ state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your house loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to use as a down-payment on a loan benefit the most from FHA loan programs.