Mike Archuleta can do FHA mortgagesRest assured that Mike Archuleta is an FHA-certified appraisal service in NM. If you have an FHA-insured loan, be sure to hire Mike Archuleta, as we are approved and qualified to handle FHA appraisals. A certain amount of the ongoing training our staff at Mike Archuleta completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those purchasers with less accumulated cash. |