TEXAS REAL ESTATE APPRAISERS is your FHA certified appraisal companyWe assure you that TEXAS REAL ESTATE APPRAISERS is an FHA-approved appraisal provider in TX. If you have an FHA-secured mortgage, be sure to contact TEXAS REAL ESTATE APPRAISERS, as we are approved and certified to perform FHA reports. A certain amount of the ongoing training our staff at TEXAS REAL ESTATE APPRAISERS receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Call to discuss recent new guidelines.
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 lending organization takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal corporation.Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those purchasers with less accessible starting capital.