The FHA retains the rolls of approved appraisers for each state - Bryan & Company Real Estate Appraisals is on the roster of approved appraisers for North Carolina.
We are certified and approved to do appraisals for FHA insured loans.
A portion of the regular training our staff at Bryan & Company Real Estate Appraisals completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
An FHA loan is secured 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 mortgage is paid for in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lesser incomes or less starting money to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.
