Need an appraisal for an FHA-backed mortgage? Call DANIEL I KANDEL
The FHA retains of approved appraisers for each state - DANIEL I KANDEL is on the roster of approved appraisers for FL. We are qualified and approved to do reports for FHA secured loans. Part of the regular training our staff at DANIEL I KANDEL receives deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact DANIEL I KANDEL if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that 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. Consumers with lesser income or less starting money to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.