First Houston Appraisal is your FHA certified appraisal companyWe confidently state that First Houston Appraisal is an FHA-approved appraisal company in TX. We're certified and approved to do appraisal reports for FHA secured loans. A certain amount of the periodic training our staff at First Houston Appraisal completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact First Houston Appraisal if you need an appraisal done for an FHA-secured loan. 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-insured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are acutely useful to buyers with less starting income. |