is Oklahoma state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraise OKC is well-trained on how to follow the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA approved, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs; the purpose of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember that the lending agency working with the the FHA is free to choose which appraisers they work with, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are extremely useful to those purchasers with less accessible funding.