Need an appraisal for an FHA-backed mortgage? Call Advanced AppraisalThe FHA keeps a roster of approved appraisers for each state - Advanced Appraisal is on the roster of approved appraisers for MN. Advanced Appraisal is certified and approved to do appraisals for FHA secured financial transactions. A portion of the periodic training our staff at Advanced Appraisal completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Advanced Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help low-to-moderate income purchasers help meet credit requirements 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 provides are acutely beneficial to purchasers with less starting capital. |