Need an appraisal for an FHA-backed mortgage? Call Appraisal ProfessionalsRest assured that Appraisal Professionals is an FHA-certified appraisal firm in TX. This indicates that we are qualified and approved by the FHA to do reports for house loans underwritten by them. A portion of the continuing training our staff at Appraisal Professionals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income buyers 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. FHA loan programs are incredibly beneficial to those homebuyers with less accessible cash. |