Need an appraisal for an FHA-backed mortgage? Call Herrin Appraisal Company
The FHA keeps a roster of approved appraisers for each state - Herrin Appraisal Company is on the roster of approved appraisers for NC. If you have an FHA-loan, be sure to hire Herrin Appraisal Company, as we are approved and qualified 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.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with protection through 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 homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less available cash.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.