Need an appraisal for an FHA-backed mortgage? Call Appraisal Services

The FHA keeps a roster of approved appraisers for each state - Appraisal Services is on the roster of approved appraisers for TX. We are qualified and approved to do reports for FHA insured loans. Part of the continuing training our staff at Appraisal Services undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.