Need an appraisal for an FHA-backed mortgage? Call Patterson Appraisal ServiceThe FHA keeps a roster of approved appraisers for each state - Patterson Appraisal Service is on the roster of approved appraisers for TX. We're qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Patterson Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Patterson Appraisal Service if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-secured loan, it means it is underwritten by them. The lending company takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all purchasers, FHA loan programs are built 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 provides are acutely helpful to consumers with less starting income. |