TR Northern Properties Realty is ready for your FHA mortgages

Rest assured that TR Northern Properties Realty is an FHA-approved appraisal firm in MN. This means that we are certified and approved by the FHA to do appraisals for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those homebuyers with less accumulated cash.