Cowan's Appraisal ServiceCowan's Appraisal Service is OK state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Cowan's Appraisal Service, as we are approved and certified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are built 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. FHA loan programs are extremely beneficial to those purchasers with less accessible cash. |