El Paso Appraisal Associates, LLC is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - El Paso Appraisal Associates, LLC is on the roster of approved appraisers for TX. This indicates that we are qualified and approved by the FHA to do reports for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact El Paso Appraisal Associates, LLC if you need an appraisal done for an FHA-secured loan. If your loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting money to put down on a loan benefit the most from FHA loan programs. |