Parkway Appraisals can do FHA workWe are happy to say that Parkway Appraisals is an FHA-certified appraisal firm in NC. If you have an FHA-secured mortgage, be sure to contact Parkway Appraisals, as we are approved and certified to produce FHA appraisals. Part of the continuing training our staff at Parkway Appraisals undergoes deals precisely with decoding 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. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is secured by them. The lending company takes care of all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those buyers with less accumulated starting capital. |