Pilot Appraisal is your FHA certified appraisal companyWe are happy to say that Pilot Appraisal is an FHA-certified appraisal firm in MI. This indicates that we are certified and approved by the FHA to do reports for home loans underwritten by them. A portion of the regular training our staff at Pilot Appraisal completes deals precisely with understanding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. Applicable to all homebuyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 particularly beneficial to those purchasers with less available funding. |