Need an appraisal for an FHA-backed mortgage? Call Balseiro & Associates

The FHA publishes a list of approved appraisers for each state - Balseiro & Associates is on the roster of approved appraisers for FL. If you have an FHA-secured loan, be sure to hire Balseiro & Associates, as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending organizations 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. Purchasers with lower income or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.