Bridgewood Properties is ready for your FHA mortgagesRest assured that Bridgewood Properties is an FHA-approved appraisal company in TX. Bridgewood Properties is certified and approved to do appraisal reports for FHA insured financial transactions. A portion of the regular training our staff at Bridgewood Properties receives deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Bridgewood Properties if you need an appraisal done for an FHA-secured loan. An FHA loan is secured 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 funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those buyers with less accumulated cash. |