Need an appraisal for an FHA-backed mortgage? Call Midwest Appraisal and Consulting

We assure you that Midwest Appraisal and Consulting is an FHA-approved appraisal practice in MI. If you have an FHA-secured mortgage, be sure to call Midwest Appraisal and Consulting, as we are approved and qualified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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-secured loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all consumers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to put down on a loan benefit the most from FHA loan programs.