Robbins Appraisal of Michigan is your FHA certified appraisal company

Rest assured that Robbins Appraisal of Michigan is an FHA-certified appraisal practice in MI. This indicates that we are qualified and approved by the FHA to do appraisals for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Robbins Appraisal of Michigan is well-trained on how to work in accordance with the rules and regulations provided.

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-insured loan, it means it is secured by them. The lending organization provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lenders that 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 particularly beneficial to those consumers with less accessible funding.