Need an appraisal for an FHA-backed mortgage? Call K&C Appraisals

Rest assured that K&C Appraisals is an FHA-approved appraisal service in MN. We are certified and approved to do reports for FHA insured financial transactions. A certain amount of the regular training our staff at K&C Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

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 financial transaction is an FHA loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting funds to use as a down-payment on a financial transaction are helped the most from FHA loan programs.