is Kansas state certified and on the FHA Roster of approved residential appraisers.
We are certified and approved to do appraisal reports for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA insured, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are built to benefit low-to-moderate income homebuyers by easing credit requirements.
Different from the VA appraiser panel, the lender working with Federal Housing Administration is allowed to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly useful to those homebuyers with less available starting capital.
