Borden Tolley Appraisal is approved for FHA appraisalsWe assure you that Borden Tolley Appraisal is an FHA-approved appraisal practice in NC. If you have an FHA-mortgage, be sure to call Borden Tolley Appraisal, as we are approved and certified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Borden Tolley Appraisal if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |