Need an appraisal for an FHA-backed mortgage? Call Appraisal Professionals
Appraisal Professionals is TX state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisal Professionals is well-trained on how to follow the rules and regulations provided.
Be sure to contact Appraisal Professionals if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all consumers, FHA loan programs are formed to help 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. The loan programs that the Federal Housing Administration offers are acutely helpful to consumers with less starting income.