Schmedt Co. Appraisal is your FHA certified appraisal companySchmedt Co. Appraisal is OK state certified and on the FHA Roster of approved residential appraisers. Schmedt Co. Appraisal is certified and approved to do appraisals for FHA insured loans. A certain amount of the periodic training our staff at Schmedt Co. Appraisal completes deals strictly with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your house loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; 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 designed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting money to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |