R&R Real Estate Appraisal can do FHA workR&R Real Estate Appraisal is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire R&R Real Estate Appraisal, as we are approved and certified to produce FHA appraisals. Part of the continuing training our staff at R&R Real Estate Appraisal completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact R&R Real Estate Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within 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 ensure that the mortgage is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to help 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. The loan programs that the FHA offers are extremely useful to buyers with less starting income. |