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. Parkway Appraisals is certified and approved to do appraisals for FHA secured loans. A certain amount of the periodic training our staff at Parkway Appraisals receives deals exclusively with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lenders 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. FHA loan programs are particularly helpful to those buyers with less available starting capital.