Need an appraisal for an FHA-backed mortgage? Call KEE Appraisal

Rest assured that KEE Appraisal is an FHA-certified appraisal provider in Iowa. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. A certain amount of the ongoing training our staff at KEE Appraisal undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are acutely beneficial to buyers with less starting capital.