FHA Residential Appraisal Services

Tri-County Appraisal Group, Inc. accepts FHA residential appraisal assignments from lenders and authorized appraisal-management clients throughout Southeast Michigan.

An FHA appraisal provides the lender with an independent opinion of the property’s market value and information concerning conditions observed during the appraisal. The lender and underwriter use the completed report when determining the property’s eligibility for FHA-insured financing.

How an FHA Appraisal Is Ordered

FHA mortgage appraisals must be ordered through the lender or its authorized appraisal-management process. A homebuyer, homeowner, seller, or real estate agent cannot directly engage the appraiser to complete the appraisal for an active FHA loan transaction.

Borrowers who need an FHA appraisal should contact their lender or loan officer. The lender will place the order and assign an eligible FHA appraiser.

An FHA Appraisal Is Not a Home Inspection

An FHA appraisal is performed for mortgage-lending purposes and does not replace a professional home inspection. The appraiser observes the property, develops an opinion of market value, and reports applicable readily observable conditions in accordance with the assignment requirements.

The appraisal is not a warranty or guarantee of the property’s condition. Buyers should consider hiring a qualified home inspector to perform a more comprehensive evaluation of the home.

Property Conditions and Repairs

Conditions affecting the property’s safety, security, soundness, marketability, or compliance with applicable FHA appraisal requirements may be reported in the appraisal. The lender or underwriter makes the final decisions concerning loan eligibility, required repairs, inspections, and other mortgage conditions.

Professional FHA Reporting

Every assignment is completed by a Michigan Certified Residential Appraiser in accordance with applicable FHA appraisal requirements and the Uniform Standards of Professional Appraisal Practice.

Service Area

FHA residential appraisal assignments are accepted throughout Wayne, Oakland, Macomb, Washtenaw, Livingston, and Monroe Counties, subject to assignment requirements and scheduling availability.

Lenders and appraisal-management clients may call 313-329-0313 to confirm coverage and availability. Borrowers should contact their lender or loan officer to arrange an FHA appraisal.