Need an appraisal for an FHA-backed mortgage? Call Appraisals In 48The FHA publishes a list of approved appraisers for each state - Appraisals In 48 is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The lender provides all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications 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. FHA loan programs are extremely helpful to those buyers with less available funding. |