Foundation AppraisalRest assured that Foundation Appraisal is an FHA-certified appraisal practice in OK. If you have an FHA-secured loan, be sure to get with Foundation Appraisal, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your house loan is FHA insured, 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 loan money to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit qualifications if 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. The loan programs that the FHA provides are exceedingly useful to consumers with less starting capital. |