Need an appraisal for an FHA-backed mortgage? Call Arrow Appraisal, Inc.

We confidently state that Arrow Appraisal, Inc. is an FHA-certified appraisal provider in MN. This means that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Arrow Appraisal, Inc. is well-trained on how to comply with the rules and regulations provided.

If your home loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs.