Nielsen Home Appraisals LLC can do FHA backed loans

Nielsen Home Appraisals LLC is MO state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Nielsen Home Appraisals LLC is well-trained on how to comply with the rules and regulations provided.

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 financial transaction is an FHA loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. Accessible to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

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 money to put down on a loan benefit the most from FHA loan programs.