Need an appraisal for an FHA-backed mortgage? Call Parkway AppraisalsThe FHA maintains of approved appraisers for each state - Parkway Appraisals is on the roster of approved appraisers for NC. We are certified and approved to do appraisal reports for FHA secured financial transactions. A portion of the periodic training our staff at Parkway Appraisals completes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are excessively beneficial to buyers with less starting capital. |