The FHA maintains a list of approved appraisers for each state - Dalton-LaRue Appraisal is on the roster of approved appraisers for Missouri. We're qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents for over 12 years. We have also been handling USDA mortgage needs for over 8 years.
Available to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Unlike the VA appraiser panel, the lending agency working with FHA actually has the ability to select the appraiser. 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 Federal Housing Administration offers are extremely useful to purchasers with minimal starting income. In the rural areas of Franklin County, Jefferson County, Gasconade County, USDA has become a very viable option for local homebuyers.