Simpson Real Estate Appraisals, LLC is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Simpson Real Estate Appraisals, LLC is on the roster of approved appraisers for NC. This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Simpson Real Estate Appraisals, LLC is well-trained on how to comply with the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those consumers with less accumulated cash. |