Need an appraisal for an FHA-backed mortgage? Call Appraisal MinnesotaThe FHA keeps a roster of approved appraisers for each state - Appraisal Minnesota is on the roster of approved appraisers for MN. This indicates that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly helpful to those purchasers with less available cash. |