Need an appraisal for an FHA-backed mortgage? Call Horizon Appraisal Services, LLCHorizon Appraisal Services, LLC is ND state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. A certain amount of the continuing training our staff at Horizon Appraisal Services, LLC undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Horizon Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers 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 useful to those buyers with less accumulated starting capital. |