![]() Need an appraisal for an FHA-backed mortgage? Call DeMoss Residential AppraisalsRest assured that DeMoss Residential Appraisals is an FHA-approved appraisal provider in OK. If you have an FHA-secured mortgage, be sure to get with DeMoss Residential Appraisals, as we are approved and qualified to produce FHA reports. A certain amount of the continuing training our staff at DeMoss Residential Appraisals receives deals precisely with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements 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. FHA loan programs are extremely useful to those homebuyers with less accessible cash. |