Need an appraisal for an FHA-backed mortgage? Call Appraisal & MeasurementsWe assure you that Appraisal & Measurements is an FHA-certified appraisal firm in TX. This indicates that we are certified and approved by the FHA to do reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are acutely useful to buyers with less starting income. |