We confidently state that Inlet Appraisal, LLC is an FHA-certified appraisal company in North Carolina.
If you have an FHA-secured loan, be sure to get with Inlet Appraisal, LLC, as we are approved and qualified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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).
The lender provides all the financing - the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan.
Available to all buyers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is allowed to pick the appraisal company with which they'll work, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Buyers with lower incomes or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.
