The FHA retains a list of approved appraisers for each state - Sea Island Appraisal Company is on the roster of approved appraisers for South Carolina.
If you have an FHA-secured loan, be sure to contact Sea Island Appraisal Company, as we are approved and qualified to produce FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your home loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the money in the loan - the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly useful to those consumers with less accessible cash.