James Make & Associates is your FHA certified appraisal company
James Make & Associates is TX state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.
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 purchasers with less available funding.