The FHA maintains the rolls of approved appraisers for each state - WILBORN APPRAISALS is on the roster of approved appraisers for South Carolina.
WILBORN APPRAISALS is certified and approved to do reports for FHA insured financial transactions.
Part of the ongoing training our staff at WILBORN APPRAISALS undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
||If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are created to assist low-to-moderate income homebuyers by easing credit expectations.
Remember, the FHA deviates from the VA appraiser panel in that the lender can choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Purchasers with lower incomes or less starting money to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.