Need an appraisal for an FHA-backed mortgage? Call Benchmark Appraising, LLC
The FHA keeps a roster of approved appraisers for each state - Benchmark Appraising, LLC is on the roster of approved appraisers for NC. If you have an FHA-loan, be sure to call Benchmark Appraising, LLC, as we are approved and qualified to perform FHA appraisal reports. Part of the continuing training our staff at Benchmark Appraising, LLC completes deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Benchmark Appraising, LLC if you need an appraisal done for an FHA-secured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those buyers with less accessible starting capital.