Need an appraisal for an FHA-backed mortgage? Call Horne Realty & AppraisalsThe FHA maintains of approved appraisers for each state - Horne Realty & Appraisals is on the roster of approved appraisers for NC. We're qualified and approved to do reports for FHA insured financial transactions. A portion of the ongoing training our staff at Horne Realty & Appraisals completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Horne Realty & Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |