JML Appraisal Services can do FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - JML Appraisal Services is on the roster of approved appraisers for MN. We are qualified and approved to do reports for FHA insured financial transactions. Part of the periodic training our staff at JML Appraisal Services completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact JML Appraisal Services if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies 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 aid low-to-moderate income consumers 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 offers are exceedingly useful to consumers with less starting income. |