The FHA publishes the rolls of approved appraisers for each state - Wachel & Associates Real Estate Appraisal is on the roster of approved appraisers for Texas. We are certified and approved to do appraisal reports for FHA secured financial transactions. Part of the continuing training our staff at Wachel & Associates Real Estate Appraisal receives deals precisely with decoding the FHA's documentation and their rules and procedures.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is secured by them. None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not. Different from the VA appraiser panel, the lending organization working with FHA is allowed to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those consumers with less accessible starting capital.