JHR AppraisalsThe FHA publishes a list of approved appraisers for each state - JHR Appraisals is on the roster of approved appraisers for NC. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. A certain amount of the continuing training our staff at JHR Appraisals completes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs. |