Need an appraisal for an FHA-backed mortgage? Call Herrin Appraisal Company
Herrin Appraisal Company is NC state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with Herrin Appraisal Company, as we are approved and certified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Herrin Appraisal Company is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact Herrin Appraisal Company if you need an appraisal done for an FHA-secured 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 secured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit requirements 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 incredibly useful to those consumers with less available cash.
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