We are happy to say that Ashe Appraisal, LLC is an FHA-approved appraisal provider in Texas.
We are qualified and approved to do appraisal reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Ashe Appraisal, LLC is well-trained on how to comply with the rules and regulations provided.
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations.
Accessible to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the Federal Housing Administration is able to choose which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs.
