Need an appraisal for an FHA-backed mortgage? Call Otero and Associates Appraisal

Otero and Associates Appraisal is FL state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Otero and Associates Appraisal is well-trained on how to follow the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers help meet credit expectations if 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. Those with lower income or less starting capital to put down on a financial transaction are assisted the most from FHA loan programs.