Need an appraisal for an FHA-backed mortgage? Call ADP ValuationsADP Valuations is MI state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ADP Valuations is well-trained on how to comply with the rules and regulations provided. Be sure to contact ADP Valuations if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. 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 purchasers with less accumulated starting capital. |