Metro Appraisals is approved for FHA loans
The FHA publishes a list of approved appraisers for each state - Metro Appraisals is on the roster of approved appraisers for ID. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all purchasers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those consumers with less accessible starting capital.