is North Carolina state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured loan, be sure to call Walker & Associates, as we are approved and certified to perform FHA reports.
Part of the regular training our staff at Walker & Associates completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
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-insured loan, it means it is secured by them.
The lending organization provides all the funds being borrowed - the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lender can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are lifesavers to buyers with minimal starting income.