Need an appraisal for an FHA-backed mortgage? Call Fairway Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - Fairway Appraisal Services is on the roster of approved appraisers for WI. This means that we are certified and approved by the FHA to do reports for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Fairway Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Fairway Appraisal Services if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those purchasers with less accessible cash. |