Perrine AppraisalsThe FHA maintains of approved appraisers for each state - Perrine Appraisals is on the roster of approved appraisers for MN. This means that we are certified and approved by the FHA to do appraisals for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Perrine Appraisals if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those buyers with less accumulated funding. |