Need an appraisal for an FHA-backed mortgage? Call Viking Appraisals

Viking Appraisals is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Viking Appraisals, as we are approved and qualified to handle FHA reports. A certain amount of the continuing training our staff at Viking Appraisals receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit expectations if 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 offers are extremely helpful to purchasers with less starting income.