West Michigan Appraisal is available for your FHA appraisalsRest assured that West Michigan Appraisal is an FHA-approved appraisal service in MI. West Michigan Appraisal is certified and approved to do reports for FHA insured financial transactions. Part of the regular training our staff at West Michigan Appraisal undergoes deals precisely 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 underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs. |