Longstaff Appraisals is available for your FHA backed loans

The FHA maintains of approved appraisers for each state - Longstaff Appraisals is on the roster of approved appraisers for SD. This means that we are qualified and approved by the FHA to do appraisals for property loans backed by them. A certain amount of the periodic training our staff at Longstaff Appraisals completes deals precisely with understanding the FHA's documentation and their rules and procedures.

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

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those buyers with less accumulated starting capital.