Need an appraisal for an FHA-backed mortgage? Call Burkett AppraisalsRest assured that Burkett Appraisals is an FHA-approved appraisal service in TX. We're qualified and approved to do appraisals for FHA secured financial transactions. A portion of the ongoing training our staff at Burkett Appraisals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Burkett Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy 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. FHA loan programs are extremely beneficial to those purchasers with less accumulated funding. |