Newport Appraisal Company is your FHA certified appraisal companyWe are happy to say that Newport Appraisal Company is an FHA-certified appraisal service in OK. We're qualified and approved to do appraisal reports for FHA insured financial transactions. Part of the periodic training our staff at Newport Appraisal Company receives deals strictly with decoding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to aid low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |