Need an appraisal for an FHA-backed mortgage? Call Perez Valuation Services

Rest assured that Perez Valuation Services is an FHA-approved appraisal firm in PR. This indicates that we are certified and approved by the FHA to do appraisals for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Perez Valuation Services is well-trained on how to comply with 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-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Available to all buyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are excessively helpful to purchasers with less starting capital.