Need an appraisal for an FHA-backed mortgage? Call Sanborn Appraisal Services, LLC

Rest assured that Sanborn Appraisal Services, LLC is an FHA-approved appraisal practice in Wisconsin.  If you have an FHA-secured loan, be sure to get with Sanborn Appraisal Services, LLC, as we are approved and certified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. Rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income purchasers by easing credit qualifications. Remember that the lending agency approving a loan backed by the FHA is authorized to select which appraisers they will use, different from VA appraisal panel.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are invaluable to buyers with minimal starting capital.