Oberste Appraisal Service is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Oberste Appraisal Service is on the roster of approved appraisers for OK. This means that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. Part of the periodic training our staff at Oberste Appraisal Service receives deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan, it means it is underwritten by them. The lending company provides all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting money to use as a down-payment on a financial transaction are helped the most from FHA loan programs. |