Terry Appraisal Group, LLC is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Terry Appraisal Group, LLC is on the roster of approved appraisers for TX. If you have an FHA-insured mortgage, be sure to call Terry Appraisal Group, LLC, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Terry Appraisal Group, LLC is well-trained on how to follow 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. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid 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. Consumers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs. |