Need an appraisal for an FHA-backed mortgage? Call Stephanie Sabatine (906) 322-2960

The FHA retains of approved appraisers for each state - Stephanie Sabatine (906) 322-2960 is on the roster of approved appraisers for MI. This indicates that we are certified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Stephanie Sabatine (906) 322-2960 is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in 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. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those purchasers with less accessible starting capital.