Next Step Appraisals is your FHA certified appraisal company

The FHA keeps a roster of approved appraisers for each state - Next Step Appraisals is on the roster of approved appraisers for TX. This means that we are certified and approved by the FHA to do reports for home loans insured by them. A portion of the periodic training our staff at Next Step Appraisals undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.

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 make sure that the mortgage is insured in case the borrower doesn't pay their loan. Available to all purchasers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs.