Cecil Bay Appraisal Company is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Cecil Bay Appraisal Company is on the roster of approved appraisers for MI. We're qualified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Cecil Bay Appraisal Company is well-trained on how to work in accordance with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements 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 consumers with less accumulated starting capital. |