L & L Homes Appraisal Service is approved for FHA mortgagesWe confidently state that L & L Homes Appraisal Service is an FHA-approved appraisal service in TX. This means that we are certified and approved by the FHA to do reports for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are incredibly useful to buyers with less starting income. |