The FHA maintains a roster of approved appraisers for each state - Tauke Appraisal Inc. is on the roster of approved appraisers for Iowa.
We're certified and approved to do appraisals for FHA secured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 lending company provides all the loaned money - the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to help low-to-moderate income purchasers by easing credit qualifications.
Unlike the VA appraiser panel, the lending agency working with FHA is allowed to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those buyers with less accessible funding.
