Otniel Gross is your FHA certified appraisal companyRest assured that Otniel Gross is an FHA-certified appraisal company in TX. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Otniel Gross is well-trained on how to follow the rules and regulations provided. Be sure to contact Otniel Gross if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA insured, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications 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 Federal Housing Administration offers are acutely beneficial to consumers with less starting income. |