The FHA publishes a roster of approved appraisers for each state - Cheryl Clark Appraisals is on the roster of approved appraisers for Texas.
If you have an FHA-secured loan, be sure to contact Cheryl Clark Appraisals, as we are approved and certified to handle FHA reports.
Part of the regular training our staff at Cheryl Clark Appraisals receives deals strictly with understanding the FHA's documentation and their rules and procedures.
An FHA loan is secured by the Federal Housing Administration, a federal agency within 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 loan is insured in case the borrower doesn't pay their loan.
Accessible to all buyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lender working with the the Federal Housing Administration is authorized to choose their appraisers, different from VA appraisal panel.
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 offers are invaluable to consumers with less starting capital.
