is Missouri state certified and on the FHA Roster of approved residential appraisers.
Buttry Appraisal Company is qualified and approved to do reports for FHA insured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lending organization takes care of all the loaned money - the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all homebuyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA has the freedom to select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly beneficial to those buyers with less accessible starting capital.
