Great Lakes Appraisal is ready for your FHA workGreat Lakes Appraisal is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with Great Lakes Appraisal, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Great Lakes Appraisal is well-trained on how to comply with the rules and regulations provided. If you're in need of 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to help 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. FHA loan programs are incredibly useful to those homebuyers with less available cash. |