Timeline Appraisal Services, LLC is approved for FHA loans
We are happy to say that Timeline Appraisal Services, LLC is an FHA-approved appraisal practice in AZ. If you have an FHA-secured loan, be sure to get with Timeline Appraisal Services, LLC, as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is underwritten by them. The lender provides all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit qualifications if 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 Federal Housing Administration offers are extremely useful to buyers with less starting income.