Weaver Appraisal Group can do FHA mortgages
Rest assured that Weaver Appraisal Group is an FHA-approved appraisal practice in NC. We're qualified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Weaver Appraisal Group is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
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 financial transaction is an FHA-secured loan, it means it is insured by them. The lender takes care of all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are incredibly useful to buyers with less starting capital.