Rest assured that Boldrick Appraisal is an FHA-approved appraisal service in Texas. Boldrick Appraisal is certified and approved to do appraisal reports for FHA secured financial transactions. Part of the continuing training our staff at Boldrick Appraisal receives deals strictly 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 loan is an FHA-insured loan, it means it is insured by them. The lending company provides all the money in the loan - the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those purchasers with less accumulated cash.