Need an appraisal for an FHA-backed mortgage? Call Mike ArnoldMike Arnold is OK state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with Mike Arnold, as we are approved and qualified to produce FHA appraisals. A portion of the periodic training our staff at Mike Arnold receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Mike Arnold if you need an appraisal done for an FHA-secured loan. If your loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to help 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. FHA loan programs are particularly helpful to those purchasers with less accumulated starting capital. |