Timely Appraisal Services is approved for FHA backed loansRest assured that Timely Appraisal Services is an FHA-certified appraisal service in TX. If you have an FHA-mortgage, be sure to hire Timely Appraisal Services, as we are approved and certified to perform FHA reports. Part of the regular training our staff at Timely Appraisal Services receives deals precisely with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely beneficial to consumers with less starting income. |