We confidently state that Culp Real Estate is an FHA-approved appraisal company in Texas.
This indicates that we are certified and approved by the FHA to do appraisal reports for property loans insured by them.
A portion of the continuing training our staff at Culp Real Estate receives deals strictly with decoding the FHA's documentation and their rules and procedures.
 |
 |
 |
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
|
|
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is underwritten by them.
The lending company takes care of all the financing - the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan.
Applicable to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending agency approving a loan backed by the FHA is free to select which appraisers they will use, unlike the VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration offers are invaluable to buyers with minimal starting income.