Elliott Appraisal is your FHA certified appraisal company

The FHA maintains of approved appraisers for each state - Elliott Appraisal is on the roster of approved appraisers for TX. This means that we are qualified and approved by the FHA to do reports for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is secured by the Federal Housing Administration, a federal organization within 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 secure in case the borrower doesn't pay their loan. Accessible to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs.