Barnes Appraisal Company
The FHA keeps a roster of approved appraisers for each state - Barnes Appraisal Company is on the roster of approved appraisers for OK. We are qualified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Barnes Appraisal Company is well-trained on how to comply with the rules and regulations provided.
If you need 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-insured loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those buyers with less accumulated funding.