Need an appraisal for an FHA-backed mortgage? Call Mellies AppraisalThe FHA retains of approved appraisers for each state - Mellies Appraisal is on the roster of approved appraisers for OK. Mellies Appraisal is certified and approved to do reports for FHA insured financial transactions. A portion of the ongoing training our staff at Mellies Appraisal completes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Mellies Appraisal if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income homebuyers 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. The loan programs that the FHA provides are excessively useful to purchasers with less starting capital. |