Need an appraisal for an FHA-backed mortgage? Call Timeline Appraisal Services, LLCThe FHA retains of approved appraisers for each state - Timeline Appraisal Services, LLC is on the roster of approved appraisers for AZ. This means that we are qualified and approved by the FHA to do reports for property loans backed by them. A certain amount of the ongoing training our staff at Timeline Appraisal Services, LLC undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA approved, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending agencies 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. Consumers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |