Capuano Appraisal Services, LLC can do FHA appraisals
We are happy to say that Capuano Appraisal Services, LLC is an FHA-approved appraisal company in VA. We're certified and approved to do appraisal reports for FHA secured loans. A certain amount of the ongoing training our staff at Capuano Appraisal Services, LLC completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.