Benjamin Hosfield can do FHA appraisalsThe FHA keeps a roster of approved appraisers for each state - Benjamin Hosfield is on the roster of approved appraisers for MN. This means that we are certified and approved by the FHA to do reports for home loans insured by them. Part of the continuing training our staff at Benjamin Hosfield completes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting money to use as a down-payment on a loan are assisted the most from FHA loan programs. |