Need an appraisal for an FHA-backed mortgage? Call Pete Peterson Appraisal ServicesThe FHA retains of approved appraisers for each state - Pete Peterson Appraisal Services is on the roster of approved appraisers for MN. We are certified and approved to do reports for FHA secured loans. A certain amount of the continuing training our staff at Pete Peterson Appraisal Services undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The lending company takes care of all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those consumers with less accumulated cash. |