is South Carolina state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Certified Appraisals is well-trained on how to comply with the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan.
The FHA and their loan programs are formed to help low-to-moderate income consumers by easing credit qualifications.
Different from the VA appraiser panel, the lender working with Federal Housing Administration actually has the ability to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those purchasers with less accessible cash.
