Parkway Appraisals is ready for your FHA loans

The FHA maintains of approved appraisers for each state - Parkway Appraisals is on the roster of approved appraisers for NC. If you have an FHA-insured mortgage, be sure to hire Parkway Appraisals, as we are approved and certified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the transaction by providing 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 financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage are helped the most from FHA loan programs.