Need an appraisal for an FHA-backed mortgage? Call Anderson Appraisal, LLC
The FHA maintains of approved appraisers for each state - Anderson Appraisal, LLC is on the roster of approved appraisers for TX. This means that we are certified and approved by the FHA to do reports for house loans underwritten by them. A certain amount of the ongoing training our staff at Anderson Appraisal, LLC receives deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Anderson Appraisal, LLC if you need an appraisal done for an FHA-secured loan.
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 financial transaction is an FHA-insured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all consumers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications 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. The loan programs that the FHA offers are acutely helpful to consumers with less starting capital.