is North Carolina state certified and on the FHA Roster of approved residential appraisers.
We're qualified and approved to do appraisal reports for FHA secured financial transactions.
A certain amount of the regular training our staff at Property Data & Appraisal completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your home loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lender working with the the FHA is permitted to pick their appraisers, different from VA appraisal panel.
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 cash.