We confidently state that Delgado Real Estate Inc. is an FHA-certified appraisal provider in Virginia.
This indicates that we are certified and approved by the FHA to do reports for home loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Delgado Real Estate Inc. is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers by easing credit expectations.
Remember that the lending agency approving a loan associated with the FHA is authorized to choose the appraisal company with which they'll work, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those consumers with less accumulated starting capital.
