The FHA publishes a list of approved appraisers for each state - The Poppell Appraisal Firm, Inc. is on the roster of approved appraisers for Florida.
We're certified and approved to do appraisal reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at The Poppell Appraisal Firm, Inc. is well-trained on how to comply with the rules and regulations provided.
If your loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
The FHA and their loan programs are formed to assist low-to-moderate income purchasers by easing credit qualifications.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lower incomes or less starting capital to put down on a mortgage are assisted the most from FHA loan programs.