The FHA keeps a roster of approved appraisers for each state - Parkway Appraisals is on the roster of approved appraisers for NC. We are certified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Parkway Appraisals is well-trained on how to comply with the rules and regulations provided.
Be sure to contact Parkway Appraisals if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to assist low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are incredibly useful to consumers with less starting capital.