is Texas state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisals for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ProQuest Group is well-trained on how to comply with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is insured by them.
The lending organization provides all the money in the loan - the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
Available to all buyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lender approving a loan backed by the Federal Housing Administration is free to pick the appraisal company with which they'll work, 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.
FHA loan programs are particularly beneficial to those buyers with less accumulated funding.
