Gregory James Company, Inc. can do FHA work
Gregory James Company, Inc. is GA state certified and on the FHA Roster of approved residential appraisers. Gregory James Company, Inc. is qualified and approved to do appraisals for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Gregory James Company, Inc. is well-trained on how to comply with the rules and regulations provided.
Be sure to contact Gregory James Company, Inc. if you need an appraisal done for an FHA-secured loan.
If your home loan is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities 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. FHA loan programs are particularly beneficial to those homebuyers with less accumulated cash.