Jerry P. Lackey Appraisal Service, Inc. is your FHA certified appraisal companyWe confidently state that Jerry P. Lackey Appraisal Service, Inc. is an FHA-certified appraisal service in North Carolina. If you have an FHA-secured mortgage, be sure to get with Jerry P. Lackey Appraisal Service, Inc., as we are approved and qualified to perform FHA appraisal reports. A portion of the regular training our staff at Jerry P. Lackey Appraisal Service, Inc. undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
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 financial transaction is an FHA-insured loan, it means it is backed by them. The lender takes care of all the money in the loan - the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not. Remember that the lending organization approving a loan associated with the Federal Housing Administration is able to select which appraisers they work with, unlike the VA appraisal panel. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those purchasers with less accessible funding. |
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