GSP Appraisal is your FHA certified appraisal companyGSP Appraisal is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact GSP Appraisal, as we are approved and qualified to produce FHA appraisal reports. A portion of the continuing training our staff at GSP Appraisal completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact GSP Appraisal 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-secured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities 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. |