The FHA keeps the rolls of approved appraisers for each state - CAAR GROUP is on the roster of approved appraisers for PUERTO RICO.
This means that we are qualified and approved by the FHA to do reports for property loans insured by them.
A certain amount of the periodic training our staff at CAAR GROUP undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the loan is secure in case the borrower doesn't pay their loan.
The FHA and their loan programs are created to assist low-to-moderate income buyers by easing credit expectations.
Remember that the lending agency working with the the Federal Housing Administration is able to pick the appraisal company with which they'll work, 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.
FHA loan programs are incredibly beneficial to those buyers with less accumulated funding.