Ottley Appraisals LLC is ready for your FHA appraisalsThe FHA publishes a list of approved appraisers for each state - Ottley Appraisals LLC is on the roster of approved appraisers for KS. We are qualified and approved to do reports for FHA secured loans. A certain amount of the continuing training our staff at Ottley Appraisals LLC receives deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are acutely useful to buyers with less starting capital. |