Compass Appraisal GroupThe FHA maintains of approved appraisers for each state - Compass Appraisal Group is on the roster of approved appraisers for TX. This indicates that we are qualified and approved by the FHA to do appraisals for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Compass Appraisal Group is well-trained on how to follow the rules and regulations provided. Be sure to contact Compass Appraisal Group if you need an appraisal done for an FHA-secured loan. If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely helpful to consumers with less starting income. |