Need an appraisal for an FHA-backed mortgage? Call Metro One Appraisals IncWe are happy to say that Metro One Appraisals Inc is an FHA-approved appraisal firm in MN. This indicates that we are qualified and approved by the FHA to do appraisals for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Metro One Appraisals Inc is well-trained on how to follow the rules and regulations provided. Be sure to contact Metro One Appraisals Inc if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-insured loan, it means it is secured by them. The lending organization takes care of all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income consumers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely beneficial to those homebuyers with less accessible cash. |