North Star Appraisal ServicesWe assure you that North Star Appraisal Services is an FHA-certified appraisal company in NM. If you have an FHA-mortgage, be sure to contact North Star Appraisal Services, as we are approved and qualified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are incredibly helpful to consumers with less starting capital. |