If you need an FHA real estate appraiser in the Austin, Texas area for a purchase or refinance, we can help you. Harry E. Davis is a Texas State Certified private residential appraiser and is on the FHA/HUD approved appraiser roster.
You call nationwide toll free at (888) 487-2755 or locally at (512) 925-4904.
Mr. Davis has been in the residential appraisal industry since 1975. He provides FHA appraisals in Travis County, Williamson County, and the Fort Hood area of Bell County.
Refinance Lenders click here for a free comp check.
Cities Covered
FHA appraisals are provided in the cities of Austin, Buda, Cedar Park, Copperas Cove, Georgetown, Harker Heights, Jonestown, Killeen, Kyle, Lago Vista, Lakeway, Leander, Manor, Nolanville, Pflugerville, Round Rock and Taylor.
Recent changes in the HUD FHA program have made a significant and important contribution to the mortgage market for new purchases and for the refinancing of existing mortgages, increasing the opportunities for home ownership and offering relief for home owners faced with unaffordable mortgages or tax burdens. This is a response to predatory lending practices and the increasing number of foreclosures across the country. A new program has been created to help homeowners and is known as the FHASecure Initiative.
Harry E. Davis is committed to providing competent, fair and honest appraisals to assist with these efforts, and is committed to equal housing opportunity for all.
Mr. Davis is a member of the Greater Austin Board of REALTORS® and the Fort Hood Association of REALTORS®. He maintains current and comprehensive data sources such as MLS® and a variety of additional data including zoning maps, GIS (Geographic Information Systems), aerial photos, tax records and much more. He also provides Conventional appraisals.
FHA Real Estate Appraiser for Zip Code:76540 76541 76542 76543 76544 76545 76546 76547 76548 76549 76522 78610 78613 78626 78628 78634 78640 78641 78664 78653 78681 78702 78703 78704 78705 78706 78707 78708 78709 78710 78711 78712 78713 78714 78715 78716 78717 78718 78719 78720 78721 78722 78723 78724 78725 78726 78727 78728 78729 78730 78731 78732 78733 78734 78735 78736 78737 78738 78739 78740 78741 78742 78743 78744 78745 78746 78747 78748 78749 78750 78751 78752 78753 78754 78755 78756 78757 78758 78759 78760 78799
Why Go FHA?
Some lenders do not offer FHA and some salespeople discourage their buyers from using the program. This is largely due to some property restrictions (location, repairs, etc.) and up front seller costs of the past which no longer apply. Consider these changes and benefits:
With FHA there is no minimum FICO score requirement.
With FHA, if automated underwriting denies your file, that doesn't mean that you can't get the loan funded. The underwriter can make a manual decision on the file. This is the FHA advantage of flexibility of underwriters discretion.
FHA allows up to 6% seller contributions and also allows temporary buydowns other programs do not allow.
Non traditional credit is also allowed through FHA and unlike Fannie Mae, one of the trade lines do not have to be rent. So you could potentially have a borrower living rent free with other forms of non traditional credit and still make the loan work.
FHA also doesn't have a maximum cap to the amount of income a borrower can make.
In the past a stigma with FHA was that the sellers ended up having to pay the majority of the closing costs, which is no longer the case. The only non allowable closing cost (cannot be paid by the borrower) is the tax service fee.
Lenders and sales agents also thought that with FHA it was more of a hassle because HUD would require all repairs even minor repairs to be fixed. This is no longer the true. The types of repairs required for FHA are now very similar to a conventional loan and many previously required inspections have been eliminated. Click here to view FHA Mortgagee Letter 2005-ML-48A which describes current inspection and repair requirements.
If the borrowers run into trouble and cannot make their payment HUD will work with the borrower on a repayment plan so they won't necessary go to foreclosure immediately.