Need an appraisal for an FHA-backed mortgage? Call Anderson Appraisal, LLC
We are happy to say that Anderson Appraisal, LLC is an FHA-certified appraisal company in TX. If you have an FHA-insured mortgage, be sure to hire Anderson Appraisal, LLC, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Anderson Appraisal, LLC is well-trained on how to follow the rules and regulations provided.
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-insured loan, it means it is insured by them. The lender provides all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs.