The FHA retains the rolls of approved appraisers for each state - Ault Appraisal Service is on the roster of approved appraisers for Texas.
If you have an FHA-insured loan, be sure to contact Ault Appraisal Service, as we are approved and qualified to handle FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are designed to aid low-to-moderate income consumers by easing credit qualifications.
Different from the VA appraiser panel, the lender working with FHA actually has the ability to select the appraiser.
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 provides are lifesavers to purchasers with minimal starting capital.
