is Texas state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-mortgage, be sure to get with Don C. Box and Associates, as we are approved and certified to handle FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your property loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending organization takes care of all the funds being borrowed - the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
Available to all purchasers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lender can pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lesser incomes or less starting funds to use as a down-payment on a loan are helped the most from FHA loan programs.
