Need an appraisal for an FHA-backed mortgage? Call Lumina Appraisal CoLumina Appraisal Co is NC state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA secured loans. A portion of the periodic training our staff at Lumina Appraisal Co receives deals strictly with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. The lender provides all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to aid low-to-moderate income consumers help meet credit requirements if 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. Consumers with lower income or less starting funds to use as a down-payment on a loan benefit the most from FHA loan programs. |