Need an appraisal for an FHA-backed mortgage? Call John Fanning & Associates

The FHA publishes a list of approved appraisers for each state - John Fanning & Associates is on the roster of approved appraisers for TX. We're qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at John Fanning & Associates is well-trained on how to work in accordance with the rules and regulations provided.

If your house 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). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.