Timeline Appraisal Services, LLC is ready for your FHA backed loans
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 appraisal reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Timeline Appraisal Services, LLC is well-trained on how to follow the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Accessible to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications 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 capital to use as a down-payment on a loan benefit the most from FHA loan programs.