Top Tier AppraisalsRest assured that Top Tier Appraisals is an FHA-approved appraisal service in MI. We're qualified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Top Tier Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Top Tier Appraisals if you need an appraisal done for an FHA-secured loan. If your house loan is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not. 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 provides are exceedingly helpful to purchasers with less starting capital. |