McVey Appraisals (336) 229-6777 is your FHA certified appraisal companyRest assured that McVey Appraisals (336) 229-6777 is an FHA-approved appraisal service in NC. We are qualified and approved to do appraisal reports for FHA insured loans. A portion of the periodic training our staff at McVey Appraisals (336) 229-6777 receives deals exclusively with understanding 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. The FHA is the Federal Housing Administration, which is a federal agency 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 lending organization takes care of all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those consumers with less accessible funding. |