Freese & Company is ready for your FHA workRest assured that Freese & Company is an FHA-approved appraisal firm in TX. This means that we are certified and approved by the FHA to do reports for property loans backed by them. A portion of the continuing training our staff at Freese & Company receives deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Freese & Company if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |