Little's Appraisal ServiceRest assured that Little's Appraisal Service is an FHA-certified appraisal company in MO. This means that we are qualified and approved by the FHA to do appraisals for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Little's Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the loan 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 help low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely beneficial to buyers with less starting capital. |