We assure you that Richey Appraisals is an FHA-certified appraisal service in Texas.
If you have an FHA-loan, be sure to get with Richey Appraisals, as we are approved and certified to produce FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Richey Appraisals is well-trained on how to follow the rules and regulations provided.
If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the mortgage is paid for in case the borrower doesn't pay their loan.
Available to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the Federal Housing Administration is allowed to choose which appraisers they work with, unlike the VA appraisal panel.
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 consumers with minimal starting capital.
