Harper Appraisals is approved for FHA loans

The FHA publishes a list of approved appraisers for each state - Harper Appraisals is on the roster of approved appraisers for NC. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Harper Appraisals is well-trained on how to follow the rules and regulations provided.

An FHA loan is backed 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 secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are exceedingly helpful to purchasers with less starting capital.