Need an appraisal for an FHA-backed mortgage? Call Gregory James Company, Inc.
We are happy to say that Gregory James Company, Inc. is an FHA-approved appraisal company in GA. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. Part of the continuing training our staff at Gregory James Company, Inc. completes deals precisely with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Gregory James Company, Inc. if you need an appraisal done for an FHA-secured loan.
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 loan is secure in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications 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. Purchasers with lesser income or less starting capital to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.