We assure you that Parkway Appraisals is an FHA-certified appraisal firm in North Carolina.
Parkway Appraisals is certified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Parkway Appraisals is well-trained on how to follow the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is backed by them.
The lender provides all the loaned money - the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are built to benefit low-to-moderate income purchasers by easing credit qualifications.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly useful to those buyers with less available starting capital.
