361 RealtyThe FHA keeps a roster of approved appraisers for each state - 361 Realty is on the roster of approved appraisers for TX. If you have an FHA-mortgage, be sure to contact 361 Realty, as we are approved and certified to perform FHA appraisals. Part of the regular training our staff at 361 Realty undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 financial transaction is an FHA-insured loan, it means it is secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those buyers with less accessible cash. |