Need an appraisal for an FHA-backed mortgage? Call JML Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - JML Appraisal Services is on the roster of approved appraisers for MN. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at JML Appraisal Services is well-trained on how to comply with the rules and regulations provided. 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. If your home loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to put down on a loan are helped the most from FHA loan programs. |