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. Appraisal Professionals is qualified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Appraisal Professionals if you need an appraisal done for an FHA-secured loan.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely helpful to purchasers with less starting capital.