Rest assured that Bock Appraisal Services is an FHA-approved appraisal provider in North Carolina.
This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Bock Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending organization working with FHA actually has the ability to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are invaluable to purchasers with minimal starting income.