Need an appraisal for an FHA-backed mortgage? Call Manuel FredericksenManuel Fredericksen is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with Manuel Fredericksen, as we are approved and qualified to produce FHA reports. A certain amount of the periodic training our staff at Manuel Fredericksen undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Manuel Fredericksen if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly useful to those homebuyers with less accessible starting capital. |