Need an appraisal for an FHA-backed mortgage? Call Mike Dalton Jr.

The FHA retains of approved appraisers for each state - Mike Dalton Jr. is on the roster of approved appraisers for TN. Mike Dalton Jr. is qualified and approved to do appraisals for FHA secured financial transactions. A portion of the periodic training our staff at Mike Dalton Jr. undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.

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.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications 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. The loan programs that the FHA provides are incredibly useful to buyers with less starting income.