The FHA maintains the rolls of approved appraisers for each state - Midland Appraisers, LLC is on the roster of approved appraisers for South Carolina. We are qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Midland Appraisers, LLC is well-trained on how to follow the rules and regulations provided.
 |
 |
 |
If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
|
|
If your house loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers by easing credit qualifications. Unlike the VA appraiser panel, the lender working with FHA actually has the ability to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are invaluable to buyers with minimal starting capital.