Need an appraisal for an FHA-backed mortgage? Call Spartan AppraisalsWe confidently state that Spartan Appraisals is an FHA-certified appraisal provider in MN. If you have an FHA-insured loan, be sure to hire Spartan Appraisals, as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Spartan Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are excessively useful to purchasers with less starting capital. |