Professional Appraisal GroupWe assure you that Professional Appraisal Group is an FHA-approved appraisal service in MI. Professional Appraisal Group is qualified and approved to do appraisals for FHA secured loans. A certain amount of the ongoing training our staff at Professional Appraisal Group undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely helpful to those purchasers with less accumulated starting capital. |