Need an appraisal for an FHA-backed mortgage? Call A & B Tax ServiceThe FHA retains of approved appraisers for each state - A & B Tax Service is on the roster of approved appraisers for WI. This indicates that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured 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 loan is an FHA-insured loan, it means it is underwritten by them. The lending company provides all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting funds to put down on a loan are helped the most from Federal Housing Administration loan programs. |