Need an appraisal for an FHA-backed mortgage? Call Bob's Appraisal Service

Bob's Appraisal Service is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with Bob's Appraisal Service, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Bob's Appraisal Service is well-trained on how to follow the rules and regulations provided.

If your loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of 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 ensure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely helpful to purchasers with less starting capital.