Southwest Missouri Appraisals, Marcus R. Sammons is your FHA certified appraisal company

Rest assured that Southwest Missouri Appraisals, Marcus R. Sammons is an FHA-approved appraisal company in MO. This means that we are certified and approved by the FHA to do reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Southwest Missouri Appraisals, Marcus R. Sammons is well-trained on how to follow the rules and regulations provided.

If your house loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are created to assist 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. The loan programs that the FHA provides are acutely helpful to purchasers with less starting capital.