Doug Rives is approved for FHA mortgagesRest assured that Doug Rives is an FHA-approved appraisal service in TX. We are qualified and approved to do appraisals for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed 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 agencies with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting funds to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |