Need an appraisal for an FHA-backed mortgage? Call ASAP Appraisal Services

The FHA maintains of approved appraisers for each state - ASAP Appraisal Services is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.