Need an appraisal for an FHA-backed mortgage? Call Tyrone Mitchell

The FHA publishes a list of approved appraisers for each state - Tyrone Mitchell is on the roster of approved appraisers for FL. If you have an FHA-insured mortgage, be sure to get with Tyrone Mitchell, as we are approved and certified to perform FHA appraisal reports. Part of the ongoing training our staff at Tyrone Mitchell completes deals exclusively with decoding the FHA's documentation and their rules and procedures.

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

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 income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.