The FHA maintains a roster of approved appraisers for each state - Christy Walker Appraisal Service is on the roster of approved appraisers for North Carolina.
Christy Walker Appraisal Service is qualified and approved to do appraisal reports for FHA insured financial transactions.
Part of the ongoing training our staff at Christy Walker Appraisal Service receives deals precisely with decoding the FHA's documentation and their rules and procedures.
If your house loan is FHA approved, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to help low-to-moderate income homebuyers by easing credit qualifications.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Buyers with lesser incomes or less starting capital to put down on a financial transaction are assisted the most from FHA loan programs.
