Michael Cowles AppraisalsThe FHA maintains of approved appraisers for each state - Michael Cowles Appraisals is on the roster of approved appraisers for KY. This means that we are certified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Michael Cowles Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Michael Cowles Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly useful to consumers with less starting capital. |