Need an appraisal for an FHA-backed mortgage? Call Barnes Appraisal CompanyBarnes Appraisal Company is OK state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to contact Barnes Appraisal Company, as we are approved and qualified to perform FHA reports. 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. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those consumers with less accumulated funding. |