The FHA maintains a list of approved appraisers for each state - MAXWELL APPRAISAL SERVICE is on the roster of approved appraisers for Oklahoma.
We're certified and approved to do reports for FHA secured financial transactions.
A certain amount of the continuing training our staff at MAXWELL APPRAISAL SERVICE completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her financial obligations.
Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending organization working with FHA has the ability to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration offers are incredibly useful to purchasers with less starting capital.
