Need an appraisal for an FHA-backed mortgage? Call Stephanie Dietz

The FHA maintains of approved appraisers for each state - Stephanie Dietz is on the roster of approved appraisers for MI. We're qualified and approved to do appraisal reports for FHA insured financial transactions. A certain amount of the ongoing training Stephanie Dietz receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your house loan is FHA insured, 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 FHA does not loan funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to put down on a mortgage are helped the most from Federal Housing Administration loan programs.