We are happy to say that Tasador, Inc is an FHA-approved appraisal service in Texas.
We're certified and approved to do reports for FHA insured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to assist low-to-moderate income purchasers by easing credit qualifications.
Remember that the lending agency approving a loan backed by the FHA is able to pick the appraisal company with which they'll work, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Consumers with lower incomes or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.