Need an appraiser for an FHA-backed mortgage?
We assure you that Fortiz Appraisal Services is an FHA-certified appraisal firm in TX. This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them. A portion of the ongoing training our staff at Fortiz Appraisal Services receive deals precisely with understanding the FHA's documentation and their rules and procedures.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting funds to put down on a loan are helped the most from Federal Housing Administration loan programs.