J.A.L. AppraisalRest assured that J.A.L. Appraisal is an FHA-certified appraisal company in MI. J.A.L. Appraisal is certified and approved to do reports for FHA secured financial transactions. Part of the regular training our staff at J.A.L. Appraisal undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. 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 backed by them. The lender provides all the finances; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those consumers with less available funding. |