Need an appraisal for an FHA-backed mortgage? Call Grayson Philips Appraisal CompanyThe FHA retains of approved appraisers for each state - Grayson Philips Appraisal Company is on the roster of approved appraisers for OK. We are qualified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Grayson Philips Appraisal Company if you need an appraisal done for an FHA-secured loan. An FHA loan is secured 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 lenders with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from FHA loan programs. |