Need an appraisal for an FHA-backed mortgage? Call DW3 REPORTSDW3 REPORTS is MI state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports 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 DW3 REPORTS if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-secured loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to use as a down-payment on a mortgage are helped the most from FHA loan programs. |