Rest assured that RJ Larson, Inc. is an FHA-approved appraisal firm in Michigan.
We're qualified and approved to do appraisals for FHA insured financial transactions.
A portion of the periodic training our staff at RJ Larson, Inc. completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If your financial transaction is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations.
The FHA and their loan programs are designed to aid low-to-moderate income purchasers by easing credit qualifications.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to pick the appraiser.
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 invaluable to buyers with less starting income.
