Need an appraisal for an FHA-backed mortgage? Call Peterson AppraisalsThe FHA keeps a roster of approved appraisers for each state - Peterson Appraisals is on the roster of approved appraisers for OK. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are excessively useful to consumers with less starting capital. |