Need an appraisal for an FHA-backed mortgage? Call Carolyn Davis

Carolyn Davis is FL state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Carolyn Davis is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is underwritten 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 funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are acutely helpful to purchasers with less starting capital.