We are happy to say that Jackson Appraisal Services, LLC is an FHA-approved appraisal company in Missouri.
If you have an FHA-secured loan, be sure to call Jackson Appraisal Services, LLC, as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your house loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending organization takes care of all the financing - the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration has the freedom to choose the appraiser.
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 lower incomes or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.