Need an appraisal for an FHA-backed mortgage? Call Lynette T. Fornerette

Lynette T. Fornerette is TX state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to hire Lynette T. Fornerette, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Lynette T. Fornerette is well-trained on how to comply with the rules and regulations provided.

An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of 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 make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are designed 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. Purchasers with lesser income or less starting money to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.