Need an appraisal for an FHA-backed mortgage? Call Pierce Appraising

The FHA publishes a list of approved appraisers for each state - Pierce Appraising is on the roster of approved appraisers for TX. We're certified and approved to do appraisal reports for FHA insured loans. A portion of the continuing training our staff at Pierce Appraising receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your house loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting funds to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.