We confidently state that Accurate Appraisal Co. is an FHA-certified appraisal provider in Oklahoma.
If you have an FHA-insured loan, be sure to hire Accurate Appraisal Co., as we are approved and certified to handle FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Accurate Appraisal Co. is well-trained on how to work in accordance with the rules and regulations provided.
If your property loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending company provides all the funds being borrowed - the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are formed to assist low-to-moderate income homebuyers by easing credit requirements.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the FHA offers are invaluable to consumers with less starting capital.