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CONAWAY & ASSOCIATES, INC is your FHA certified appraisal companyCONAWAY & ASSOCIATES, INC is Florida state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact CONAWAY & ASSOCIATES, INC, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower defaults on his or her loan obligations. Accessible to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lending agency can choose the appraisal company. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower incomes or less starting funds to put down on a mortgage benefit the most from FHA loan programs.
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