Need an appraisal for an FHA-backed mortgage? Call Cox Appraisal Service, Inc
We are happy to say that Cox Appraisal Service, Inc is an FHA-approved appraisal company in NC. We're qualified and approved to do appraisal reports for FHA insured loans. A certain amount of the regular training our staff at Cox Appraisal Service, Inc receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
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 underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting money to put down on a mortgage are helped the most from FHA loan programs.