Need an appraisal for an FHA-backed mortgage? Call Red Oak Appraisal, Inc.

Red Oak Appraisal, Inc. is MN 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 property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Red Oak Appraisal, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Red Oak Appraisal, Inc. if you need an appraisal done for an FHA-secured loan.

If your home loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those purchasers with less available cash.