Need an appraisal for an FHA-backed mortgage? Call West Michigan AppraisersWest Michigan Appraisers is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to contact West Michigan Appraisers, as we are approved and certified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at West Michigan Appraisers is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |