Metro Appraisal GroupMetro Appraisal Group is state certified and on the FHA Roster of approved residential appraisers. Metro Appraisal Group is certified and approved to do appraisals for FHA insured loans. Be sure to contact Metro Appraisal Group if you need an appraisal done for an FHA-secured loan. If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those consumers with less accessible funding. |