Weaver Appraisal Group is approved for FHA loans
Rest assured that Weaver Appraisal Group is an FHA-approved appraisal firm in NC. If you have an FHA-insured loan, be sure to contact Weaver Appraisal Group, as we are approved and certified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Weaver Appraisal Group if you need an appraisal done for an FHA-secured loan.
If your home loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those buyers with less accessible funding.