Need an appraisal for an FHA-backed mortgage? Call Jaster Appraisals

Rest assured that Jaster Appraisals is an FHA-certified appraisal provider in MN. If you have an FHA-loan, be sure to hire Jaster Appraisals, as we are approved and qualified to produce FHA appraisals. Part of the ongoing training our staff at Jaster Appraisals receives deals precisely with decoding the FHA's documentation and their rules and procedures.

If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit expectations if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.