Tri-County Appraisal Group, Inc. can do FHA mortgages

Tri-County Appraisal Group, Inc. is MI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Tri-County Appraisal Group, 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.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. None of the funds are 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 consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.