Need an appraisal for an FHA-backed mortgage? Call On the Mark AppraisalsThe FHA retains of approved appraisers for each state - On the Mark Appraisals is on the roster of approved appraisers for TX. This means that we are certified and approved by the FHA to do appraisals for home loans insured by them. Part of the regular training our staff at On the Mark Appraisals completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact On the Mark Appraisals if you need an appraisal done for an FHA-secured loan. 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. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to benefit low-to-moderate income purchasers 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. The loan programs that the Federal Housing Administration provides are extremely helpful to purchasers with less starting capital. |
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