Need an appraisal for an FHA-backed mortgage? Call Midtown Appraisal GroupThe FHA maintains of approved appraisers for each state - Midtown Appraisal Group is on the roster of approved appraisers for ON. If you have an FHA-insured mortgage, be sure to contact Midtown Appraisal Group, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Midtown Appraisal Group is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization 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. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist 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. Purchasers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |