Goedker Appraisal Services is approved for FHA mortgagesWe are happy to say that Goedker Appraisal Services is an FHA-approved appraisal provider in MN. If you have an FHA-insured mortgage, be sure to call Goedker Appraisal Services, as we are approved and qualified to produce FHA reports. A portion of the regular training our staff at Goedker Appraisal Services completes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Goedker Appraisal Services if you need an appraisal done for an FHA-secured loan. If your house loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA provides are excessively beneficial to consumers with less starting income. |