Dakota Plains Appraisal LLC is your FHA certified appraisal company
Dakota Plains Appraisal LLC is SD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact Dakota Plains Appraisal LLC, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Dakota Plains Appraisal LLC is well-trained on how to work in accordance with the rules and regulations provided.
If you need an appraisal 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is backed by them. The lender provides all the loaned money; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, 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. Consumers with lesser income or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs.