Need an appraisal for an FHA-backed mortgage? Call Earl Dillabough Appraisal Company

The FHA maintains of approved appraisers for each state - Earl Dillabough Appraisal Company is on the roster of approved appraisers for MO. This indicates that we are qualified and approved by the FHA to do appraisals for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Earl Dillabough Appraisal Company is well-trained on how to work in accordance with the rules and regulations provided.

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 FHA does not loan capital to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are excessively beneficial to purchasers with less starting income.