Need an appraisal for an FHA-backed mortgage? Call Greater Houston Area AppraisalsThe FHA maintains of approved appraisers for each state - Greater Houston Area Appraisals is on the roster of approved appraisers for TX. If you have an FHA-mortgage, be sure to get with Greater Houston Area Appraisals, as we are approved and qualified to handle FHA appraisal reports. A certain amount of the continuing training our staff at Greater Houston Area Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Greater Houston Area Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers 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 lenders 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. FHA loan programs are particularly useful to those consumers with less accumulated funding. |