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. If you have an FHA-insured loan, be sure to call Timeline Appraisal Services, LLC, as we are approved and certified to handle FHA appraisal reports. A portion of the continuing 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.
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-secured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not.
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 FHA provides are acutely beneficial to purchasers with less starting income.