Bain & Associates, Inc.

Rest assured that Bain & Associates, Inc. is an FHA-certified appraisal practice in Texas. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Bain & Associates, Inc. is well-trained on how to follow the rules and regulations provided.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending agencies that 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. Purchasers with lower income or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.