Need an appraisal for an FHA-backed mortgage? Call South Central Wisconsin Appraisals

The FHA publishes a list of approved appraisers for each state - South Central Wisconsin Appraisals is on the roster of approved appraisers for WI. This means that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at South Central Wisconsin Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact South Central Wisconsin Appraisals if you need an appraisal done for an FHA-secured loan.

If your house loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.