Need an appraisal for an FHA-backed mortgage? Call Brown Dog Appraisal, LLC

The FHA keeps a roster of approved appraisers for each state - Brown Dog Appraisal, LLC is on the roster of approved appraisers for MI. If you have an FHA-mortgage, be sure to get with Brown Dog Appraisal, LLC, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Brown Dog Appraisal, LLC is well-trained on how to comply with the rules and regulations provided.

If your house loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly beneficial to those buyers with less accumulated funding.