Absolute Appraisals, IMI.Absolute Appraisals, IMI. is MI state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit expectations 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. Buyers with lesser income or less starting funds to put down on a loan are helped the most from FHA loan programs. |