Angelo Appraisal Service, Inc.
Angelo Appraisal Service, Inc. is OK state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Angelo Appraisal Service, Inc. is well-trained on how to work in accordance with the rules and regulations provided.
If you're in need of an 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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are extremely beneficial to purchasers with less starting capital.