Need an appraisal for an FHA-backed mortgage? Call Anderson Appraisal, LLC
Anderson Appraisal, LLC is Texas state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Anderson Appraisal, LLC is well-trained on how to work in accordance with the rules and regulations provided.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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-insured loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Available to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those purchasers with less accumulated starting capital.