is North Carolina state certified and on the FHA Roster of approved residential appraisers.
We're qualified and approved to do appraisals for FHA secured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is see to it that the loan is insured in case the borrower doesn't pay their loan.
The FHA and their loan programs are formed to assist low-to-moderate income buyers by easing credit requirements.
Remember that the lending organization working with the the FHA is authorized to choose their appraisers, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration provides are extremely useful to buyers with minimal starting income.
