Timeline Appraisal Services, LLC
The FHA retains of approved appraisers for each state - Timeline Appraisal Services, LLC is on the roster of approved appraisers for AZ. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. A certain amount of the periodic training our staff at Timeline Appraisal Services, LLC completes deals precisely with understanding the FHA's documentation and their rules and procedures.
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 agency 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 lending organization provides all the finances; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income buyers help meet credit expectations 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 lower income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs.