The FHA maintains a roster of approved appraisers for each state - mp Kowbel Appraisal Company LLC is on the roster of approved appraisers for Wisconsin.
If you have an FHA-mortgage, be sure to hire mp Kowbel Appraisal Company LLC, as we are approved and certified to produce FHA reports.
Part of the periodic training our staff at mp Kowbel Appraisal Company LLC receives deals exclusively with understanding the FHA's documentation and their rules and procedures.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lending organization provides all the financing - the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lesser incomes or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.
