Provide a timely, accurate, well documented appraisal, while at the same time keeping the client informed every stop of the process.

Need an appraisal for an FHA-backed mortgage? Call Schau Appraisals Inc.

The FHA retains of approved appraisers for each state - Schau Appraisals Inc. is on the roster of approved appraisers for ND. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. A portion of the periodic training our staff at Schau Appraisals Inc. receives deals strictly with understanding the FHA's documentation and their rules and procedures.

If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

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 underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all buyers, FHA loan programs are designed to help 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 particularly beneficial to those homebuyers with less accumulated cash.