Jackson Appraisal Service is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Jackson Appraisal Service is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. A certain amount of the periodic training our staff at Jackson Appraisal Service receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Jackson Appraisal Service if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist low-to-moderate income purchasers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |