David Laureano can do FHA backed loansThe FHA keeps 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-secured loan, be sure to hire David Laureano, as we are approved and qualified to produce FHA reports. Part of the ongoing training our staff at David Laureano undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
If your property loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to help low-to-moderate income homebuyers by easing credit requirements. Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to select the appraiser. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are invaluable to purchasers with minimal starting income. |
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