We confidently state that T.A.T. Appraisals is an FHA-certified appraisal firm in Minnesota.
If you have an FHA-insured loan, be sure to contact T.A.T. Appraisals, as we are approved and qualified to perform FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender takes care of all the loaned money - the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan.
Applicable to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lender can select the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those purchasers with less accessible cash.