Need an appraisal for an FHA-backed mortgage? Call Phil Key AppraisalsThe FHA keeps a roster of approved appraisers for each state - Phil Key Appraisals is on the roster of approved appraisers for NC. We are qualified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Phil Key Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you need an 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 agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those consumers with less accessible funding. |