We confidently state that Reeder Appraisal Services, LLC is an FHA-approved appraisal service in Texas.
We're qualified and approved to do appraisal reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Reeder Appraisal Services, LLC is well-trained on how to comply with the rules and regulations provided.
If your property loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her financial obligations.
Accessible to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can choose the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting funds to use as a down-payment on a financial transaction are helped the most from FHA loan programs.
