Real Estate Appraisal Group, LLC is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Real Estate Appraisal Group, LLC is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit expectations if they otherwise would not. 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 incredibly useful to those purchasers with less available cash. |