Need an appraisal for an FHA-backed mortgage? Call HomePointe Appraisals, LLCHomePointe Appraisals, LLC is MI state certified and on the FHA Roster of approved residential appraisers. HomePointe Appraisals, LLC is qualified and approved to do appraisals for FHA secured financial transactions. A portion of the continuing training our staff at HomePointe Appraisals, LLC receives deals strictly with comprehending 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. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lending company takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly beneficial to consumers with less starting income. |