Stouffer & AssociatesRest assured that Stouffer & Associates is an FHA-approved appraisal company in TX. If you have an FHA-secured mortgage, be sure to get with Stouffer & Associates, as we are approved and qualified to handle FHA appraisals. A certain amount of the periodic training our staff at Stouffer & Associates receives deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Stouffer & Associates 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-insured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending agencies that 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 extremely useful to consumers with less starting capital. |