APC Appraisals LLC is your FHA certified appraisal companyRest assured that APC Appraisals LLC is an FHA-approved appraisal service in NC. This means that we are certified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at APC Appraisals LLC is well-trained on how to follow the rules and regulations provided. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The lending organization takes care of all the loaned money; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending agencies 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. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs. |