Need an appraisal for an FHA-backed mortgage? Call Joel A. OrtquistJoel A. Ortquist is MI state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured loans. A certain amount of the continuing training our staff at Joel A. Ortquist undergoes deals precisely with understanding 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 underwritten 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 organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements 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. FHA loan programs are particularly beneficial to those homebuyers with less available funding. |