Rest assured that Infinite Appraisal Services, LLC is an FHA-approved appraisal provider in Texas.
If you have an FHA-secured mortgage, be sure to get with Infinite Appraisal Services, LLC, as we are approved and certified to handle FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick the appraisal company.
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 homebuyers with less accumulated cash.
