is Texas state certified and on the FHA Roster of approved residential appraisers.
We are certified and approved to do appraisals for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Anew Real Estate Appraisal is well-trained on how to work in accordance with the rules and regulations provided.
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-secured loan, it means it is backed by them.
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending agency working with FHA actually has the freedom to choose 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.
The loan programs that the Federal Housing Administration offers are lifesavers to consumers with minimal starting income.
