Mike Merritt & CompanyWe are qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Mike Merritt & Company is well-trained on how to comply with the rules and regulations provided. Be sure to contact Mike Merritt & Company 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 FHA does not loan funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are excessively beneficial to buyers with less starting income. |