CDThe FHA publishes a list of approved appraisers for each state - CD is on the roster of approved appraisers for SC. If you have an FHA-secured mortgage, be sure to call CD, as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at CD is well-trained on how to comply with the rules and regulations provided. Be sure to contact CD if you need an appraisal done for an FHA-secured loan. 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 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 secure in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less available cash. |