Need an appraisal for an FHA-backed mortgage? Call Valuation Depot LLC

Valuation Depot LLC is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Valuation Depot LLC, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.