Prestige Appraisal, LLC is your FHA certified appraisal company
The FHA maintains of approved appraisers for each state - Prestige Appraisal, LLC is on the roster of approved appraisers for NC. Prestige Appraisal, LLC is qualified and approved to do appraisal reports for FHA insured financial transactions. A portion of the ongoing training our staff at Prestige Appraisal, LLC receives deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured 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 loan is an FHA loan, it means it is underwritten by them. The lender takes care of all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help 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. Buyers with lesser income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs.