DMS Appraisal Services, LLC. is ready for your FHA workThe FHA maintains of approved appraisers for each state - DMS Appraisal Services, LLC. is on the roster of approved appraisers for OK. DMS Appraisal Services, LLC. is qualified and approved to do reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is backed by them. The lender provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a mortgage are helped the most from FHA loan programs. |