Need an appraisal for an FHA-backed mortgage? Call Dempsey, Cooper & Lane, LLCThe FHA retains the rolls of approved appraisers for each state - Dempsey, Cooper & Lane, LLC is on the roster of approved appraisers for Texas. If you have an FHA-secured mortgage, be sure to get with Dempsey, Cooper & Lane, LLC, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Dempsey, Cooper & Lane, LLC is well-trained on how to follow the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers. Rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not. Different from the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the ability to select the appraiser.The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those purchasers with less accessible funding.