Need an appraisal for an FHA-backed mortgage? Call Miller Appraisal Co.

The FHA maintains of approved appraisers for each state - Miller Appraisal Co. is on the roster of approved appraisers for MN. Miller Appraisal Co. is qualified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Miller Appraisal Co. is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Miller Appraisal Co. if you need an appraisal done for an FHA-secured loan.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all consumers, FHA loan programs are created to help 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. The loan programs that the FHA provides are excessively useful to buyers with less starting income.