Need an appraisal for an FHA-backed mortgage? Call T. Sterling & AssociatesRest assured that T. Sterling & Associates is an FHA-certified appraisal company in TX. If you have an FHA-secured mortgage, be sure to get with T. Sterling & Associates, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at T. Sterling & Associates is well-trained on how to follow the rules and regulations provided. Be sure to contact T. Sterling & Associates if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. 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 from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs. |