There are special appraisal requirments for Government Loan Guarantee Programs. Therefore, in order to perform an FHA backed loan real estate appraisal, a real estate appraiser must be approved by HUD.
FHA loans are gaining in popularity due to the fact that they are an affordable source for high LTV loans and MPA, Inc. has appraisers on staff that are FHA approved to perform them.
FHA appraisals are ordered by the lenders agent rather than buy an individual. For individuals seeking more information about the FHA process, we encourage your to speak with your lender.