Thomas ShelbyRest assured that Thomas Shelby is an FHA-certified appraisal company in TX. We are certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Thomas Shelby if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point 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. Buyers with lower income or less starting money to use as a down-payment on a loan benefit the most from FHA loan programs. |