The FHA maintains a roster of approved appraisers for each state - Alpine Appraisals is on the roster of approved appraisers for Wisconsin.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Alpine Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
If your loan is FHA certified, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the loaned money - the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA is allowed to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those homebuyers with less accumulated cash.
