is Florida state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured mortgage, be sure to hire Matthew & Associates Appraisal Services, Inc., as we are approved and certified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lender approving a loan backed by the FHA is allowed to pick which appraisers they will use, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lesser incomes or less starting capital to put down on a mortgage are helped the most from Federal Housing Administration loan programs.