Rest assured that Light Appraisal Group is an FHA-approved appraisal service in Texas.
This means that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them.
A portion of the continuing training our staff at Light Appraisal Group undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.
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If you're in need of 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 agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-secured loan, it means it is backed by them.
The lending organization provides all the loaned money - the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending agency approving a loan associated with the Federal Housing Administration is authorized to choose which appraisers they work with, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are invaluable to consumers with less starting capital.