Need an appraisal for an FHA-backed mortgage? Call MFK AppraisalsRest assured that MFK Appraisals is an FHA-certified appraisal practice in AZ. MFK Appraisals is qualified and approved to do appraisal reports for FHA secured financial transactions. Part of the periodic training our staff at MFK Appraisals completes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |