We are FHA Approved and Certified!
Erol Sevin, Certified Appraisal Group, LLC is on the FHA Roster of approved and certified residential real etstae appraisers. We're qualified and approved to do residential real estate appraisals for FHA insured loans.
If you're in need of an appraisal for an FHA loan, please Contact Us at 703-451-2241.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations.
What are the basic eligibility requirements for FHA Financing?
"Generally, to be eligible for an FHA loan, you must have a valid social security number and have lawful residency in the United States and be of a legal age to sign on a mortgage in your state.
Lenders will verify income, assets, liabilities, and credit history for all parties on the loan. With an FHA loan, you cannot take an ownership interest in a property without qualifying for the loan.
FHA's mortgage programs do not typically have maximum income limits for qualifying, although you must have sufficient income to qualify for the mortgage payment and other debts.
Income limits may be present when qualifying for down payment assistance or other secondary financing programs (including those funded by HUD) that may be used in conjunction with an FHA loan. FHA does not have minimum credit score requirements, although past credit performance serves as the most useful guide in determining a borrower's attitude toward credit obligations and predicting a borrower's future actions.
Using FHA's guidelines, lenders will make a credit determination based on the merits of each case. To find out if you qualify, and how much you can borrow based on your income and debts, you should contact a HUD-approved lender."
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Find a Hud-approved lender in your area at http://www.hud.gov/ll/code/llslcrit.cfm . There are a variety of search parameters to choose from to find a lender that might meet your needs. One you find your lender - just ask your lender to contact us for your appraisal needs!
When you need a FHA Certified Appraiser, you can trust and depend on Erol Sevin with the Certified Appraisal Group, LLC to provide superior quality FHA appraisal reports to meet your needs. We know Northern Virginia and appraise residential real esate properties in the following areas 7 days a week!
FHA Real Estate Appraisal Service in:
Fairfax County, Loudoun County, Prince William County, Arlington County, Alexandria City, Fairfax City, Falls Church City, City of Manassas and Manassas Park.
Please click here for our Certified Real Estate Appraiser Service area by zip code.
Alexandria, Annandale, Burke, Centreville, Chantilly, Clifton, Dunn Loring, Fairfax, Fairfax Station, Falls Church, Fort Belvoir, Franconia, Great Falls, Greenway, Herndon, Lorton, Mc Lean, Merrifield, Mount Vernon, Newington, Oakton, Reston, Springfield, West Springfield, Vienna, West McLean, Bristow, Cascades, Catharpin, Dumfries, Gainesville, Haymarket, Lake Ridge, Manassas, Nokesville, Occoquan, Quantico, Triangle, Woodbridge, Broadlands, Aldie, Ashburn, Dulles, Leesburg, Brambleton, Lansdowne, South Riding, Sterling
If your needs include a professional, prompt, and accurate FHA real estate appraisal the Northern Virginia area please contact Erol Sevin at 703-451-2241 or order online to get started today. We look forward to hearing from you!