Need an appraisal for an FHA-backed mortgage? Call Parkway Appraisals
Parkway Appraisals is NC state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Parkway Appraisals is well-trained on how to comply with the rules and regulations provided.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA insured, 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 lender provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit qualifications if 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. FHA loan programs are incredibly helpful to those purchasers with less available funding.