Need an appraisal for an FHA-backed mortgage? Call Wilson Appraisal Service

The FHA retains of approved appraisers for each state - Wilson Appraisal Service is on the roster of approved appraisers for WI. We are qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Wilson Appraisal Service is well-trained on how to comply with the rules and regulations provided.

An FHA loan is insured by the Federal Housing Administration, a federal organization 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. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting capital to use as a down-payment on a loan benefit the most from FHA loan programs.