Appraisal Professionals is available for your FHA mortgagesRest assured that Appraisal Professionals is an FHA-certified appraisal service in TX. This indicates that we are qualified and approved by the FHA to do appraisals for home loans backed by them. Part of the ongoing training our staff at Appraisal Professionals completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Appraisal Professionals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs. |