Texas Appraisal ShopTexas Appraisal Shop is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to call Texas Appraisal Shop, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Texas Appraisal Shop is well-trained on how to follow the rules and regulations provided. Be sure to contact Texas Appraisal Shop if you need an appraisal done for an FHA-secured 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 loan is an FHA-secured loan, it means it is backed by them. The lending company provides all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs. |