Coleman Appraisal ServiceRest assured that Coleman Appraisal Service is an FHA-certified appraisal practice in MI. If you have an FHA-secured loan, be sure to contact Coleman Appraisal Service, as we are approved and certified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Coleman Appraisal Service if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide 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. The FHA and their loan programs are built to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly helpful to those consumers with less available funding. |