Need an appraisal for an FHA-backed mortgage? Call Inner Banks Appraisals, LLCThe FHA maintains of approved appraisers for each state - Inner Banks Appraisals, LLC is on the roster of approved appraisers for NC. This means that we are qualified and approved by the FHA to do reports for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those purchasers with less accumulated funding. |