Need an appraisal for an FHA-backed mortgage? Call Elite Appraisal ServicesElite Appraisal Services is TX state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. A certain amount of the ongoing training our staff at Elite Appraisal Services undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage are helped the most from FHA loan programs. |