Cedar Elm Appraisals is your FHA certified appraisal companyCedar Elm Appraisals is TX state certified and on the FHA Roster of approved residential appraisers. Cedar Elm Appraisals is qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Cedar Elm Appraisals is well-trained on how to follow the rules and regulations provided. Be sure to contact Cedar Elm 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 insured by them. The lending organization takes care of all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 acutely useful to purchasers with less starting capital. |