Need an appraisal for an FHA-backed mortgage? Call Xelloss Corp Appraisals

We confidently state that Xelloss Corp Appraisals is an FHA-approved appraisal provider in OK. We're certified and approved to do appraisals for FHA insured loans. Part of the continuing training our staff at Xelloss Corp Appraisals undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.

An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a loan are assisted the most from FHA loan programs.