is Texas 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 home loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is underwritten by them.
The FHA does not provide funds to borrowers. Rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Accessible to all homebuyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can choose the appraiser.
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 offers are invaluable to buyers with less starting income.