Need an appraisal for an FHA-backed mortgage? Call Parkway Appraisals
The FHA maintains of approved appraisers for each state - Parkway Appraisals is on the roster of approved appraisers for NC. We are certified and approved to do appraisal reports for FHA secured loans. Part of the continuing training our staff at Parkway Appraisals undergoes deals exclusively with understanding 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.
If your home loan is FHA certified, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending organizations that 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. Buyers with lesser income or less starting money to put down on a loan are assisted the most from FHA loan programs.