Need an appraisal for an FHA-backed mortgage? Call Appraisal Experts of MichiganThe FHA publishes a list of approved appraisers for each state - Appraisal Experts of Michigan is on the roster of approved appraisers for MI. If you have an FHA-secured loan, be sure to call Appraisal Experts of Michigan, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal Experts of Michigan is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs. |