Need an appraisal for an FHA-backed mortgage? Call Prestige Appraisal, LLCPrestige Appraisal, LLC is NC state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Prestige Appraisal, LLC is well-trained on how to follow the rules and regulations provided. Be sure to contact Prestige Appraisal, LLC if you need an appraisal done for an FHA-secured loan. 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-secured loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to assist low-to-moderate income consumers help meet credit requirements if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs. |