Need an appraisal for an FHA-backed mortgage? Call Alan Myrick

We are happy to say that Alan Myrick is an FHA-certified appraisal firm in FL. If you have an FHA-secured loan, be sure to get with Alan Myrick, as we are approved and certified to produce FHA reports. Part of the periodic training our staff at Alan Myrick undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.

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. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

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 exceedingly beneficial to consumers with less starting capital.