Need an appraisal for an FHA-backed mortgage? Call Northwestern MN Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - Northwestern MN Appraisal Services is on the roster of approved appraisers for MN. If you have an FHA-loan, be sure to call Northwestern MN Appraisal Services, as we are approved and certified to produce FHA appraisal reports. A portion of the regular training our staff at Northwestern MN Appraisal Services receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Northwestern MN Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit requirements if 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 incredibly helpful to consumers with less starting income. |