Chad Cheatham is approved for FHA work

Chad Cheatham is OK state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Chad Cheatham is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Chad Cheatham if you need an appraisal done for an FHA-secured loan.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. 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 doesn't pay their loan. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

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 buyers with less starting capital.