City Wide Appraisal GroupCity Wide Appraisal Group is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with City Wide Appraisal Group, as we are approved and certified to handle FHA appraisal reports. A portion of the continuing training our staff at City Wide Appraisal Group completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact City Wide Appraisal Group if you need an appraisal done for an FHA-secured loan. If your loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs. |