Need an appraisal for an FHA-backed mortgage? Call Home Insight, LLC.The FHA retains of approved appraisers for each state - Home Insight, LLC. is on the roster of approved appraisers for SC. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. A certain amount of the ongoing training our staff at Home Insight, LLC. receives deals precisely with decoding 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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The lending company provides all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those consumers with less accumulated funding. |