Need an appraisal for an FHA-backed mortgage? Call Precise Appraisal ServicesThe FHA retains of approved appraisers for each state - Precise Appraisal Services is on the roster of approved appraisers for MO. This means that we are qualified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Precise Appraisal Services is well-trained on how to follow the rules and regulations provided. Be sure to contact Precise Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |