Need an appraisal for an FHA-backed mortgage? Call W.F. Smith CompanyRest assured that W.F. Smith Company is an FHA-certified appraisal service in TX. If you have an FHA-secured mortgage, be sure to call W.F. Smith Company, as we are approved and qualified to handle FHA reports. Part of the periodic training our staff at W.F. Smith Company completes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 FHA does not loan money to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting money to put down on a loan benefit the most from FHA loan programs. |