is Texas state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured loan, be sure to contact Linn Appraisals, as we are approved and qualified to perform FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your financial transaction is FHA insured, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her loan obligations.
Applicable to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization approving a loan backed by the FHA is able to pick the appraisal company with which they'll work, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly beneficial to those consumers with less accessible starting capital.
