is Oklahoma state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them.
A portion of the periodic training our staff at Appraisal Network receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending organization working with FHA is allowed to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to consumers with less starting income.