First Choice Appraisals is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - First Choice Appraisals is on the roster of approved appraisers for MN. First Choice Appraisals is qualified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at First Choice Appraisals is well-trained on how to follow the rules and regulations provided. Be sure to contact First Choice Appraisals if you need an appraisal done for an FHA-secured 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-secured loan, it means it is backed by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are built to aid 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. The loan programs that the FHA provides are extremely helpful to buyers with less starting income. |