ARV, Inc. is your FHA certified appraisal company
ARV, Inc. is Michigan state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured loan, be sure to get with ARV, Inc., as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan associated with the FHA is able to pick which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.
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