is Florida state certified and on the FHA Roster of approved residential appraisers.
Blue Water Appraisals is qualified and approved to do appraisals for FHA secured loans.
A certain amount of the ongoing training our staff at Blue Water Appraisals undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all homebuyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those consumers with less accessible cash.