Need an appraisal for an FHA-backed mortgage? Call Barker Appraisal Group

Rest assured that Barker Appraisal Group is an FHA-certified appraisal practice in NC. This indicates that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. A certain amount of the periodic training our staff at Barker Appraisal Group undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.

If your loan is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending organizations that 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. Consumers with lower income or less starting capital to put down on a mortgage are helped the most from Federal Housing Administration loan programs.