Anderson Appraisal, LLC is your FHA certified appraisal company
We assure you that Anderson Appraisal, LLC is an FHA-approved appraisal provider in Texas. This means that we are certified and approved by the FHA to do appraisals for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The lending company provides all the loaned money; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs.