Parkway Appraisals is your FHA certified appraisal company
The FHA publishes a list of approved appraisers for each state - Parkway Appraisals is on the roster of approved appraisers for NC. We are qualified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all consumers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.