Need an appraisal for an FHA-backed mortgage? Call Don McMenemy, IncDon McMenemy, Inc is FL state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisals for FHA insured loans. A portion of the periodic training our staff at Don McMenemy, Inc completes deals strictly with understanding 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. If your home loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those consumers with less available cash. |