Need an appraisal for an FHA-backed mortgage? Call JP Fagan Appraisals

The FHA keeps a roster of approved appraisers for each state - JP Fagan Appraisals is on the roster of approved appraisers for TX. JP Fagan Appraisals is certified and approved to do appraisals for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at JP Fagan Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

If your property loan is FHA insured, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those buyers with less available funding.