We confidently state that Stanley & Company is an FHA-approved appraisal firm in Texas.
If you have an FHA-secured mortgage, be sure to call Stanley & Company, as we are approved and certified to produce FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Stanley & Company is well-trained on how to follow the rules and regulations provided.
If your property loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with FHA actually has the freedom to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those consumers with less accumulated cash.