Need an appraisal for an FHA-backed mortgage? Call Metro Appraisals
Metro Appraisals is ID state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisal reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Metro Appraisals if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA approved, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Accessible to all buyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements 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 extremely useful to those consumers with less available starting capital.