Need an appraisal for an FHA-backed mortgage? Call Lemmon Appraisal Services

Lemmon Appraisal Services is TX state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Lemmon Appraisal Services 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 financial transaction is an FHA-secured loan, it means it is insured by them. The lending organization takes care of all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively beneficial to purchasers with less starting capital.