Need an appraisal for an FHA-backed mortgage? Call TexasBankTexasBank is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to contact TexasBank, as we are approved and certified to handle FHA appraisals. A portion of the ongoing training our staff at TexasBank completes deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact TexasBank if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting money to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |