is North Carolina state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured mortgage, be sure to call Appraisal Solutions of WNC/NEGA Inc, as we are approved and certified to produce FHA reports.
A portion of the regular training our staff at Appraisal Solutions of WNC/NEGA Inc undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations.
Available to all homebuyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the FHA is free to pick the appraisal company with which they'll work, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are lifesavers to consumers with minimal starting income.
