Need an appraisal for an FHA-backed mortgage? Call Parkway Appraisals
We assure you that Parkway Appraisals is an FHA-certified appraisal company in NC. We're qualified and approved to do appraisal reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Parkway Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is underwritten 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 loan money 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 benefit 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. FHA loan programs are extremely useful to those purchasers with less available starting capital.