FARWIG APPRAISAL SERVICES is your FHA certified appraisal companyWe confidently state that FARWIG APPRAISAL SERVICES is an FHA-approved appraisal service in MI. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. A portion of the regular training our staff at FARWIG APPRAISAL SERVICES completes deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection by offering 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 consumers help meet credit requirements if 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 buyers with less starting capital. |