Need an appraisal for an FHA-backed mortgage? Call Anderson Appraisal, LLC

Anderson Appraisal, LLC is Texas state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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-secured loan, it means it is underwritten by them. The lending company provides all the finances; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending agencies that 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 extremely beneficial to purchasers with less starting income.