The FHA publishes a list of approved appraisers for each state - Pickett Real Estate Services is on the roster of approved appraisers for Texas.
If you have an FHA-insured loan, be sure to get with Pickett Real Estate Services, as we are approved and certified to produce FHA reports.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Pickett Real Estate Services is well-trained on how to follow the rules and regulations provided.
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 funds to borrowers. Rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all purchasers, FHA loan programs are made to aid 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 lending organization can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lower incomes or less starting capital to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.
