Elite Appraisal Services is your FHA certified appraisal company

We assure you that Elite Appraisal Services is an FHA-certified appraisal provider in TX. This means that we are certified and approved by the FHA to do reports for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Elite Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.

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 capital to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.

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 particularly beneficial to those purchasers with less accumulated funding.