is North Carolina state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured loan, be sure to hire Carolina Quality Appraisals, as we are approved and qualified to handle FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Carolina Quality Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
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 lender provides all the funds being borrowed - the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy buyers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lender working with Federal Housing Administration actually has the freedom to choose the appraiser.
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 lifesavers to consumers with less starting income.
