Don Orttenburger can do FHA backed loans

Rest assured that Don Orttenburger is an FHA-approved appraisal provider in MI. This means that we are certified and approved by the FHA to do appraisals for house loans backed by them. A portion of the regular training our staff at Don Orttenburger undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting capital to use as a down-payment on a loan are helped the most from FHA loan programs.