Need an appraisal for an FHA-backed mortgage? Call Amy Hendren

Amy Hendren is OK state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to contact Amy Hendren, as we are approved and certified to produce FHA appraisals. Part of the ongoing training our staff at Amy Hendren receives deals strictly with comprehending the FHA's documentation and their rules and procedures.

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 loan is an FHA loan, it means it is insured by them. The lending organization provides all the money in the loan; 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 formed to benefit low-to-moderate income purchasers 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. Purchasers with lower income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.