Oak Point AppraisingOak Point Appraising is CO state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Oak Point Appraising is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Oak Point Appraising if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to put down on a loan benefit the most from Federal Housing Administration loan programs. |