Need an appraisal for an FHA-backed mortgage? Call Gary E EldridgeGary E Eldridge is TX state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Gary E Eldridge if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those homebuyers with less available funding. |