Ladybug Appraisal Services is approved for FHA mortgagesRest assured that Ladybug Appraisal Services is an FHA-certified appraisal firm in Texas. If you have an FHA-secured loan, be sure to get with Ladybug Appraisal Services, as we are approved and qualified to handle FHA reports. A certain amount of the periodic training our staff at Ladybug Appraisal Services receives deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Ladybug Appraisal Services if you need an appraisal done for an FHA-secured 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). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income consumers help meet credit expectations if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to put down on a mortgage are helped the most from FHA loan programs. |