Need an appraisal for an FHA-backed mortgage? Call Brown Appraisal Associates

Brown Appraisal Associates is SC state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the continuing training our staff at Brown Appraisal Associates receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

If your property loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are created to aid 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. Buyers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs.