Tim JohnsonTim Johnson is FL state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Tim Johnson if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply secures 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 created to benefit low-to-moderate income buyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a mortgage are helped the most from FHA loan programs. |