Need an appraisal for an FHA-backed mortgage? Call Montalvo Group LLCWe assure you that Montalvo Group LLC is an FHA-approved appraisal firm in PR. If you have an FHA-insured loan, be sure to get with Montalvo Group LLC, as we are approved and qualified to perform FHA appraisals. Part of the continuing training our staff at Montalvo Group LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |