Rest assured that Barnes Appraisal Service is an FHA-certified appraisal service in Oklahoma.
We're qualified and approved to do appraisals for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Barnes Appraisal Service is well-trained on how to follow the rules and regulations provided.
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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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An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. 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 defaults on his or her loan obligations.
Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending agency working with the the Federal Housing Administration is free to pick the appraisal company with which they'll work, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely helpful to those purchasers with less accessible cash.