Anderson Appraisal, LLC
Anderson Appraisal, LLC is Texas state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Anderson Appraisal, LLC, as we are approved and certified to handle FHA appraisal reports. Part of the ongoing training our staff at Anderson Appraisal, LLC receives deals exclusively with comprehending the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to put down on a mortgage are helped the most from FHA loan programs.