Need an appraisal for an FHA-backed mortgage? Call Timeline Appraisal Services, LLC
The FHA retains of approved appraisers for each state - Timeline Appraisal Services, LLC is on the roster of approved appraisers for AZ. If you have an FHA-insured loan, be sure to hire Timeline Appraisal Services, LLC, as we are approved and certified to perform FHA appraisals. A certain amount of the periodic training our staff at Timeline Appraisal Services, LLC completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs.