Cold Spring Appraisals, LLC is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Cold Spring Appraisals, LLC is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do appraisals for home loans backed by them. A certain amount of the periodic training our staff at Cold Spring Appraisals, LLC undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Cold Spring Appraisals, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are exceedingly beneficial to purchasers with less starting capital. |