is Texas state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to call MCA Real Estate Services Inc., as we are approved and qualified to handle FHA appraisals.
Part of the regular training our staff at MCA Real Estate Services Inc. undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
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).
No part of the loan is provided by the FHA. What the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan backed by the FHA is free to select which appraisers they will use, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly helpful to those purchasers with less accumulated cash.
