Signature Appraisal ServicesThe FHA publishes a list of approved appraisers for each state - Signature Appraisal Services is on the roster of approved appraisers for SC. If you have an FHA-loan, be sure to hire Signature Appraisal Services, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Signature Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is underwritten by them. The lender provides all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Applicable to all buyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |