O.T. Clagett Realty, Inc.The FHA publishes a list of approved appraisers for each state - O.T. Clagett Realty, Inc. is on the roster of approved appraisers for FL. O.T. Clagett Realty, Inc. is certified and approved to do appraisal reports for FHA insured financial transactions. A portion of the regular training our staff at O.T. Clagett Realty, Inc. completes deals exclusively with understanding 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. 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 underwritten by them. The lending organization takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those homebuyers with less available cash. |