Wise Appraisal

Wise Appraisal is Michigan state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to contact Wise Appraisal, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Wise Appraisal is well-trained on how to work in accordance with the rules and regulations provided.

If your loan is FHA insured, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those consumers with less accumulated cash.