Need an appraisal for an FHA-backed mortgage? Call Piedmont Appraisal Service
The FHA keeps a roster of approved appraisers for each state - Piedmont Appraisal Service is on the roster of approved appraisers for VA. We're qualified and approved to do appraisals for FHA insured loans. A certain amount of the continuing training our staff at Piedmont Appraisal Service undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Piedmont Appraisal Service if you need an appraisal done for an FHA-secured loan.
If your financial transaction is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit expectations if 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 particularly beneficial to those purchasers with less accessible funding.