Timeline Appraisal Services, LLC can do FHA backed loans
The FHA maintains of approved appraisers for each state - Timeline Appraisal Services, LLC is on the roster of approved appraisers for AZ. Timeline Appraisal Services, LLC is qualified and approved to do appraisals for FHA secured financial transactions. A certain amount of the ongoing training our staff at Timeline Appraisal Services, LLC undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Timeline Appraisal Services, LLC if you need an appraisal done for an FHA-secured 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 loan is an FHA-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements 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. The loan programs that the Federal Housing Administration provides are extremely useful to purchasers with less starting income.