MCG Appraisal is your FHA certified appraisal companyMCG Appraisal is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to contact MCG Appraisal, as we are approved and certified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured 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 with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely beneficial to buyers with less starting income. |