Need an appraisal for an FHA-backed mortgage? Call Supreme Appraisal GroupThe FHA publishes a list of approved appraisers for each state - Supreme Appraisal Group is on the roster of approved appraisers for TX. If you have an FHA-secured loan, be sure to get with Supreme Appraisal Group, as we are approved and qualified to handle FHA reports. 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. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is underwritten by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to use as a down-payment on a loan are helped the most from FHA loan programs. |