Timeline Appraisal Services, LLC
The FHA keeps a roster 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 property loans underwritten by them. Part of the continuing 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.
If your loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting capital.