![]() Need an appraisal for an FHA-backed mortgage? Call On the Mark AppraisalsWe confidently state that On the Mark Appraisals is an FHA-approved appraisal practice in TX. On the Mark Appraisals is qualified and approved to do appraisal reports for FHA insured financial transactions. A certain amount of the continuing training our staff at On the Mark Appraisals receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact On the Mark Appraisals if you need an appraisal done for an FHA-secured loan. 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 loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are incredibly beneficial to buyers with less starting capital. |
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