Parkway Appraisals is available for your FHA backed loans
Parkway Appraisals is NC state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to hire Parkway Appraisals, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those buyers with less available funding.