Parkway Appraisals is your FHA certified appraisal company
Parkway Appraisals is NC state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to hire Parkway Appraisals, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the ongoing training our staff at Parkway Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Parkway Appraisals if you need an appraisal done for an FHA-secured loan.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a mortgage are helped the most from FHA loan programs.