Need an appraisal for an FHA-backed mortgage? Call J. Patrick O'Leary & CompanyWe are happy to say that J. Patrick O'Leary & Company is an FHA-approved appraisal service in TX. This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at J. Patrick O'Leary & Company is well-trained on how to follow the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |