Accurate Appraisals can do FHA mortgagesRest assured that Accurate Appraisals is an FHA-certified appraisal firm in OK. If you have an FHA-insured mortgage, be sure to hire Accurate Appraisals, as we are approved and qualified to produce FHA reports. Part of the ongoing training our staff at Accurate Appraisals completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Accurate Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs. |