Appraisal Lab, LLC is ready for your FHA appraisalsThe FHA publishes a list of approved appraisers for each state - Appraisal Lab, LLC is on the roster of approved appraisers for MI. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Appraisal Lab, LLC if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those consumers with less accessible cash. |