FHA

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those consumers with less accumulated cash.

Michael Fiorino is an FHA-certified appraiser in Florida.

He is qualified and approved to do appraisals for FHA insured financial transactions. He's trained and understand the rules and procedures in FHA's guidance and policy documents. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income homebuyers help meet credit requirements if they otherwise would not.
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