Dennis Bell is approved for FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - Dennis Bell is on the roster of approved appraisers for MO. If you have an FHA-loan, be sure to call Dennis Bell, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Dennis Bell is well-trained on how to follow the rules and regulations provided. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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-secured loan, it means it is underwritten by them. The lending company provides all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those buyers with less accumulated cash. |