We are happy to say that Blue Ridge Appraisal and Consulting is an FHA-approved appraisal company in North Carolina.
We're certified and approved to do appraisals for FHA insured loans.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Blue Ridge Appraisal and Consulting is well-trained on how to comply with the rules and regulations provided.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA insured, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are created to assist low-to-moderate income buyers by easing credit expectations.
Different from the VA appraiser panel, the lender working with FHA actually has the freedom to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly helpful to those homebuyers with less accessible cash.