Luxe Appraisal Services is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Luxe Appraisal Services is on the roster of approved appraisers for TX. If you have an FHA-secured mortgage, be sure to hire Luxe Appraisal Services, as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Luxe Appraisal Services if you need an appraisal done for an FHA-secured loan. If your house loan is FHA approved, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly useful to those purchasers with less accessible funding. |