Dohoney AppraisalThe FHA maintains of approved appraisers for each state - Dohoney Appraisal is on the roster of approved appraisers for TX. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them. Part of the continuing training our staff at Dohoney Appraisal receives deals strictly with decoding 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 backed by them. The lending company takes care of all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those homebuyers with less available funding. |