Appraisal Net can do FHA mortgages

The FHA maintains of approved appraisers for each state - Appraisal Net is on the roster of approved appraisers for TX. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans backed by them. Part of the periodic training our staff at Appraisal Net undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.

An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all homebuyers, 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. Purchasers with lesser income or less starting capital to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.