Tri County AppraisersThe FHA retains of approved appraisers for each state - Tri County Appraisers is on the roster of approved appraisers for MI. If you have an FHA-loan, be sure to get with Tri County Appraisers, as we are approved and certified to handle FHA reports. A portion of the periodic training our staff at Tri County Appraisers completes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |