JAD Appraisal Services LLC is your FHA certified appraisal companyJAD Appraisal Services, LLC is Michigan state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire JAD Appraisal Services, LLC, as we are approved and certified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at JAD Appraisal Services, LLC is well-trained on how to work in accordance with the rules and regulations provided.
If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money - the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to benefit low-to-moderate income consumers by easing credit requirements. Unlike the VA appraiser panel, the lender working with FHA has the freedom to choose the appraiser.Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those homebuyers with less accessible funding.