Need an appraisal for an FHA-backed mortgage? Call Di Cicco & AssociatesRest assured that Di Cicco & Associates is an FHA-certified appraisal provider in Florida. This indicates that we are certified and approved by the FHA to do reports for property loans backed by them. A portion of the periodic training our staff at Di Cicco & Associates receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Di Cicco & Associates if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income homebuyers help meet credit requirements if 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. Those with lesser income or less starting money to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs. |