Need an appraisal for an FHA-backed mortgage? Call Metro Appraisals

The FHA keeps a roster of approved appraisers for each state - Metro Appraisals is on the roster of approved appraisers for ID. If you have an FHA-mortgage, be sure to call Metro Appraisals, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Metro Appraisals is well-trained on how to follow the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are acutely helpful to buyers with less starting capital.