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 loan, it means it is insured by them. The lending company provides all the loaned money - the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Different from the VA appraiser panel, the lending agency working with Federal Housing Administration is allowed to choose the appraiser. 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 offers are incredibly useful to buyers with less starting income.