Rest assured that Prestige Appraisal is an FHA-certified appraisal company in North Carolina.
If you have an FHA-insured loan, be sure to get with Prestige Appraisal, as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is paid for in case the borrower doesn't pay their loan.
Applicable to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely useful to those homebuyers with less accumulated cash.
