Need an appraisal for an FHA-backed mortgage? Call Lemmon Appraisal ServicesThe FHA retains of approved appraisers for each state - Lemmon Appraisal Services is on the roster of approved appraisers for TX. We are qualified and approved to do appraisal reports for FHA insured financial transactions. A portion of the continuing training our staff at Lemmon Appraisal Services completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Lemmon Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are 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. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less accessible funding. |