Need an appraisal for an FHA-backed mortgage? Call Parkway Appraisals
Rest assured that Parkway Appraisals is an FHA-certified appraisal provider in NC. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. A certain amount of the regular training our staff at Parkway Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
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). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit requirements 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. The loan programs that the Federal Housing Administration offers are incredibly useful to consumers with less starting income.