Appraisal Works, Inc. can do FHA appraisalsAppraisal Works, Inc. is NC state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA insured loans. A certain amount of the ongoing training our staff at Appraisal Works, Inc. completes deals exclusively with comprehending 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. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit requirements 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 offers are exceedingly useful to buyers with less starting capital. |