Need an appraisal for an FHA-backed mortgage? Call Appraisal Professionals
Rest assured that Appraisal Professionals is an FHA-certified appraisal service in TX. If you have an FHA-secured mortgage, be sure to call Appraisal Professionals, as we are approved and qualified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lending organization provides all the loaned money; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income homebuyers help meet credit expectations if 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 extremely helpful to purchasers with less starting capital.