Need an appraisal for an FHA-backed mortgage? Call Citi Appraisal EnterpriseCiti Appraisal Enterprise is FL state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. A portion of the ongoing training our staff at Citi Appraisal Enterprise undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Citi Appraisal Enterprise if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Available to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to use as a down-payment on a loan are assisted the most from FHA loan programs. |