Need an appraisal for an FHA-backed mortgage? Call Weaver Appraisal Group
The FHA retains of approved appraisers for each state - Weaver Appraisal Group is on the roster of approved appraisers for NC. If you have an FHA-secured loan, be sure to call Weaver Appraisal Group, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Weaver Appraisal Group is well-trained on how to follow the rules and regulations provided.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting capital to put down on a loan are helped the most from FHA loan programs.