Westview Valuation is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Westview Valuation is on the roster of approved appraisers for MN. We are certified and approved to do appraisal reports for FHA insured financial transactions. Part of the periodic training our staff at Westview Valuation undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Westview Valuation 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 guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |