is Michigan state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at K.W. APPRAISALS, LLC is well-trained on how to follow the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lender provides all the funds being borrowed - the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending organization working with the the Federal Housing Administration is authorized to pick their appraisers, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration offers are invaluable to consumers with minimal starting capital.