Marc ParisMarc Paris is MI state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. A portion of the continuing training our staff at Marc Paris undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Marc Paris 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 loan is an FHA loan, it means it is secured by them. The lending organization provides all the loaned money; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers help meet credit expectations 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. FHA loan programs are extremely useful to those buyers with less accessible cash. |