is Texas state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Home Team Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
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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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An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. 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 mortgage is taken care of in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are built to aid low-to-moderate income buyers by easing credit expectations.
Remember that the lender working with the the Federal Housing Administration is allowed to choose which appraisers they work with, unlike the VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Those with lesser income or less starting funds to use as a down-payment on a loan benefit the most from FHA loan programs.
