Need an appraisal for an FHA-backed mortgage? Call Main Street AppraisalsMain Street Appraisals is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to call Main Street Appraisals, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Main Street Appraisals is well-trained on how to comply with the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively helpful to buyers with less starting income. |