Appraisal Professionals is approved for FHA mortgages
Appraisal Professionals is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to contact Appraisal Professionals, as we are approved and qualified to handle FHA appraisal reports. Part of the periodic training our staff at Appraisal Professionals completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Applicable to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those buyers with less accumulated cash.