is South Carolina state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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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 FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the funds being borrowed - the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending organization working with FHA has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lesser incomes or less starting funds to put down on a financial transaction benefit the most from FHA loan programs.