Rest assured that Davidson & Associates is an FHA-certified appraisal company in North Carolina.
We are qualified and approved to do appraisal reports for FHA secured financial transactions.
A portion of the regular training our staff at Davidson & Associates completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
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).
None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is insured in case the borrower doesn't pay their loan.
Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember that the lending organization working with the the Federal Housing Administration is free to choose the appraisal company with which they'll work, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are extremely helpful to those buyers with less available cash.
