Need an appraisal for an FHA-backed mortgage? Call Pinnacle Appraisal Group, LLC
Rest assured that Pinnacle Appraisal Group, LLC is an FHA-approved appraisal company in Texas.
Pinnacle Appraisal Group, LLC is qualified and approved to do reports for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Pinnacle Appraisal Group, LLC is well-trained on how to work in accordance with 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.
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.
None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers by easing credit requirements.
Remember that the lending organization approving a loan associated with the FHA is permitted to select their appraisers, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly helpful to those buyers with less accumulated starting capital.