Trust Real Estate Appraisal Services PLC
Trust Real Estate Appraisal Services PLC is MI state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation, and policies may seem difficult to comprehend, but the staff at Trust Real Estate Appraisal Services PLC is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your 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). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs.