Burek Appraisal Group, LLC is approved for FHA backed loansWe confidently state that Burek Appraisal Group, LLC is an FHA-approved appraisal service in FL. This indicates that we are certified and approved by the FHA to do reports for house loans underwritten by them. Part of the regular training our staff at Burek Appraisal Group, LLC receives deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Burek Appraisal Group, LLC if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending organizations 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. Buyers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |