The FHA maintains the rolls of approved appraisers for each state - Beaufort Appraisal is on the roster of approved appraisers for South Carolina.
If you have an FHA-insured mortgage, be sure to call Beaufort Appraisal, as we are approved and qualified to handle FHA appraisal reports.
A portion of the ongoing training our staff at Beaufort Appraisal receives deals precisely with understanding the FHA's documentation and their rules and procedures.
If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of 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 secure in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are designed to help low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to purchasers with minimal starting income.
