Need an appraisal for an FHA-backed mortgage? Call James Make & Associates

The FHA keeps a roster of approved appraisers for each state - James Make & Associates is on the roster of approved appraisers for TX. This means that we are certified and approved by the FHA to do reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting money to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.