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

ABS Appraisal Service, Inc. is MI state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. A certain amount of the ongoing training our staff at ABS Appraisal Service, Inc. receives deals strictly with understanding the FHA's documentation and their rules and procedures.

An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those buyers with less available starting capital.