Need an appraisal for an FHA-backed mortgage? Call Timeline Appraisal Services, LLC
The FHA maintains of approved appraisers for each state - Timeline Appraisal Services, LLC is on the roster of approved appraisers for AZ. If you have an FHA-loan, be sure to hire Timeline Appraisal Services, LLC, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Timeline Appraisal Services, LLC is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact Timeline Appraisal Services, LLC if you need an appraisal done for an FHA-secured 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-insured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting money to put down on a mortgage benefit the most from FHA loan programs.