Rest assured that Murphy Appraisal Group, LLC is an FHA-approved appraisal company in Texas. Murphy Appraisal Group, LLC is qualified and approved to do appraisal reports for FHA secured loans. Part of the regular training our staff at Murphy Appraisal Group, LLC completes deals strictly with understanding the FHA's documentation and their rules and procedures.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers. Rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the freedom to select the appraiser.
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 offers are incredibly useful to consumers with less starting capital.