Peak Appraisals, Inc.

Rest assured that Peak Appraisals, Inc. is an FHA-approved appraisal company in Michigan. This means that we are certified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Peak Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.

If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

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