Haley Garcia Appraisals is approved for FHA loansThe FHA retains of approved appraisers for each state - Haley Garcia Appraisals is on the roster of approved appraisers for TX. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. A portion of the regular training our staff at Haley Garcia Appraisals completes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Haley Garcia Appraisals 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 loan is an FHA loan, it means it is insured by them. The lender takes care of all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |