The FHA retains a list of approved appraisers for each state - Anchor Watch Appraisals, LLC is on the roster of approved appraisers for South Carolina.
We're qualified and approved to do appraisals for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Anchor Watch Appraisals, LLC is well-trained on how to comply with the rules and regulations provided.
If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending agency working with the the FHA is free to select which appraisers they will use, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are extremely helpful to consumers with minimal starting income.
