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 appraisal reports for home loans underwritten 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 need 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 loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements 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. Those with lower income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.