The FHA retains the rolls of approved appraisers for each state - David Laureano is on the roster of approved appraisers for Puerto Rico.
If you have an FHA-mortgage, be sure to get with David Laureano, as we are approved and qualified to perform FHA reports.
A portion of the regular training our staff at David Laureano receives deals precisely with understanding the FHA's documentation and their rules and procedures.
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender takes care of all the funds being borrowed - the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
Applicable 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.
Remember, the FHA differs from the VA appraiser panel in that the lender can pick the appraisal company.
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 offers are invaluable to buyers with less starting capital.
