West Michigan Appraisal is your FHA certified appraisal companyRest assured that West Michigan Appraisal is an FHA-certified appraisal service in MI. If you have an FHA-insured loan, be sure to hire West Michigan Appraisal, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact West Michigan Appraisal if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is part of 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 defaults on his or her financial obligations. Available to all purchasers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting money to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs. |