Need an appraisal for an FHA-backed mortgage? Call Pena Appraisal Services Inc.

The FHA maintains of approved appraisers for each state - Pena Appraisal Services Inc. is on the roster of approved appraisers for FL. This means that we are qualified and approved by the FHA to do reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact Pena Appraisal Services Inc. if you need an appraisal done for an FHA-secured loan.

If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed 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 use as a down-payment on a mortgage are assisted the most from FHA loan programs.