McCloskey, Mulet, and Bonnin Appraisers, P.S.C. can do FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - McCloskey, Mulet, and Bonnin Appraisers, P.S.C. is on the roster of approved appraisers for PR. We are certified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact McCloskey, Mulet, and Bonnin Appraisers, P.S.C. if you need an appraisal done for an FHA-secured loan. 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 money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely useful to buyers with less starting income. |