Texas O.C.S.Rest assured that Texas O.C.S. is an FHA-approved appraisal practice in TX. If you have an FHA-insured mortgage, be sure to hire Texas O.C.S., as we are approved and certified to produce FHA appraisals. Part of the continuing training our staff at Texas O.C.S. undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 underwritten by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs. |