Need an appraisal for an FHA-backed mortgage? Call DETK Appraisals

DETK Appraisals is TX state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at DETK Appraisals is well-trained on how to comply with the rules and regulations provided.

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 loan is an FHA loan, it means it is underwritten by them. The lending organization takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are incredibly beneficial to consumers with less starting capital.