Need an appraisal for an FHA-backed mortgage? Call Gardner Valuation Services, Inc.
Gardner Valuation Services, Inc. is Texas state certified and on the FHA Roster of approved residential appraisers.
This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Gardner Valuation Services, Inc. is well-trained on how to work in accordance with the rules and regulations provided.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-secured loan, it means it is backed by them.
The lending company takes care of all the financing - the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan backed by the Federal Housing Administration is able to select which appraisers they will use, unlike the 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 extremely helpful to those homebuyers with less accessible starting capital.
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