Metro Appraisals can do FHA loans
We confidently state that Metro Appraisals is an FHA-certified appraisal firm in ID. We are qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Metro Appraisals is well-trained on how to comply with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers 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. FHA loan programs are incredibly beneficial to those buyers with less available starting capital.