Milligan Appraisals LLCMilligan Appraisals LLC is VA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact Milligan Appraisals LLC, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Milligan Appraisals LLC is well-trained on how to follow the rules and regulations provided. Be sure to contact Milligan Appraisals LLC if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-insured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements if they otherwise would not. 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 money to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |