J Alexander Grant Appraisal Group is your FHA certified appraisal company
The FHA keeps a roster of approved appraisers for each state – J Alexander Grant Appraisal Group is on the roster of approved appraisers for both SC and NC. If you have an FHA-insured mortgage, be sure to contact us, as we are approved and qualified to perform FHA appraisal reports. We’re trained and understand the rules and procedures in FHA’s guidance and policy documents.
Contact us today if you need to get an appraisal for 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 financial transaction is an FHA-insured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not.
Typically, a buyer has to pay a smaller down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs.