Weaver Appraisal Group is your FHA certified appraisal company
Weaver Appraisal Group is NC state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. Part of the regular training our staff at Weaver Appraisal Group completes deals precisely with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Weaver Appraisal Group if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is backed by them. The lending organization provides all the loaned money; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs.