Anderson Appraisal, LLC can do FHA work
Anderson Appraisal, LLC is Texas state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with Anderson Appraisal, LLC, as we are approved and certified to produce FHA appraisals. A certain amount of the regular training our staff at Anderson Appraisal, LLC undergoes 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 insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly useful to those homebuyers with less accumulated cash.