We assure you that Barkley & Harris Appraisal Services, LLC is an FHA-certified appraisal service in Nebraska.
Barkley & Harris Appraisal Services, LLC is certified and approved to do appraisals for FHA insured financial transactions.
Part of the periodic training our staff at Barkley & Harris Appraisal Services, LLC receives deals strictly with decoding the FHA's documentation and their rules and procedures.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is secured by them.
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lender working with Federal Housing Administration actually has the ability to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Buyers with lesser incomes or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs.