Preferred Appraisal LLC can do FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - Preferred Appraisal LLC is on the roster of approved appraisers for WI. If you have an FHA-insured mortgage, be sure to contact Preferred Appraisal LLC, as we are approved and qualified to perform FHA appraisal reports. Part of the periodic training our staff at Preferred Appraisal LLC undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. 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. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit qualifications if 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. The loan programs that the Federal Housing Administration provides are exceedingly useful to buyers with less starting capital. |