We assure you that Durham and Associates is an FHA-approved appraisal practice in Texas.
If you have an FHA-loan, be sure to call Durham and Associates, as we are approved and qualified to handle FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Durham and Associates is well-trained on how to work in accordance with the rules and regulations provided.
 |
 |
 |
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
|
|
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 loan, it means it is underwritten by them.
The lending company takes care of all the funds being borrowed - the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
Available to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lender working with FHA is allowed to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration provides are invaluable to buyers with less starting capital.
