Douglas Coggins

Douglas Coggins is UT state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Douglas Coggins is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit qualifications if 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. Those with lesser income or less starting funds to put down on a loan are helped the most from FHA loan programs.