is Florida state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured mortgage, be sure to get with Jm Property Appraisal Inc, as we are approved and qualified to perform FHA reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Jm Property Appraisal Inc is well-trained on how to comply with the rules and regulations provided.
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending organization provides all the funds being borrowed - the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to benefit low-to-moderate income buyers by easing credit requirements.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA offers are extremely beneficial to buyers with less starting capital.
