Appraisal Professionals can do FHA backed loansThe FHA maintains of approved appraisers for each state - Appraisal Professionals is on the roster of approved appraisers for TX. Appraisal Professionals is qualified and approved to do appraisals for FHA secured financial transactions. Part of the periodic training our staff at Appraisal Professionals receives deals exclusively with decoding 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. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly beneficial to consumers with less starting capital. |