Need an appraisal for an FHA-backed mortgage? Call DANIEL I KANDEL
DANIEL I KANDEL is FL state certified and on the FHA Roster of approved residential appraisers. DANIEL I KANDEL is qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at DANIEL I KANDEL 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 loan is an FHA loan, it means it is backed by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a mortgage are helped the most from FHA loan programs.
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