Need an appraisal for an FHA-backed mortgage? Call Walker & Associates

We assure you that Walker & Associates is an FHA-approved appraisal company in North Carolina. This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.


	Be sure to contact Walker & Associates if you need an appraisal done for an FHA-secured loan.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers. Rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not. Unlike the VA appraiser panel, the lending agency working with FHA actually has the freedom to select the appraiser.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser incomes or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs.