Appraisal Professionals is your FHA certified appraisal company
Rest assured that Appraisal Professionals is an FHA-certified appraisal provider in TX. If you have an FHA-secured loan, be sure to call Appraisal Professionals, as we are approved and qualified to perform FHA appraisals. 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.
If your house loan is FHA approved, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to put down on a mortgage are helped the most from Federal Housing Administration loan programs.