Need an appraisal for an FHA-backed mortgage? Call Team Appraisal

Rest assured that Team Appraisal is an FHA-approved appraisal service in MI. Team Appraisal is certified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 financial transaction is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to help low-to-moderate income consumers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are extremely beneficial to buyers with less starting capital.