Need an appraisal for an FHA-backed mortgage? Call Coast Appraisal Group, LLCThe FHA publishes a list of approved appraisers for each state - Coast Appraisal Group, LLC is on the roster of approved appraisers for NC. This means that we are certified and approved by the FHA to do appraisals for house loans insured by them. Part of the continuing training our staff at Coast Appraisal Group, LLC receives deals precisely with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |