Anderson Appraisal, LLC can do FHA backed loans

The FHA keeps a roster of approved appraisers for each state - Anderson Appraisal, LLC is on the roster of approved appraisers for Texas. If you have an FHA-insured mortgage, be sure to contact Anderson Appraisal, LLC, as we are approved and qualified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your financial transaction is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are acutely beneficial to consumers with less starting income.