Need an appraisal for an FHA-backed mortgage? Call Sullivan Appraisal ServicesThe FHA publishes a list of approved appraisers for each state - Sullivan Appraisal Services is on the roster of approved appraisers for WI. We are qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Sullivan Appraisal Services is well-trained on how to follow 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 backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs. |