Need an appraisal for an FHA-backed mortgage? Call Linn D. Bjornstad Appraisals

Linn D. Bjornstad Appraisals is WI state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Linn D. Bjornstad Appraisals is well-trained on how to follow the rules and regulations provided.

If your home loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all purchasers, FHA loan programs are created 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 use as a down-payment on a mortgage are assisted the most from FHA loan programs.