Barnes Appraisal Company
The FHA maintains of approved appraisers for each state - Barnes Appraisal Company is on the roster of approved appraisers for OK. We're certified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Barnes Appraisal Company if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to help low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs.