Need an appraisal for an FHA-backed mortgage? Call West Michigan AppraisalThe FHA maintains of approved appraisers for each state - West Michigan Appraisal is on the roster of approved appraisers for MI. West Michigan Appraisal is certified and approved to do appraisal reports for FHA secured loans. A certain amount of the ongoing training our staff at West Michigan Appraisal completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact West Michigan Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide 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. The FHA and their loan programs are created to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |