Amarillo Appraisal is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Amarillo Appraisal is on the roster of approved appraisers for TX. This means that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Amarillo Appraisal is well-trained on how to follow the rules and regulations provided. Be sure to contact Amarillo Appraisal if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are acutely beneficial to buyers with less starting capital. |