Need an appraisal for an FHA-backed mortgage? Call Needham & Associates, Inc.

The FHA publishes a list of approved appraisers for each state - Needham & Associates, Inc. is on the roster of approved appraisers for NC. If you have an FHA-mortgage, be sure to contact Needham & Associates, Inc., as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.

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 underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those consumers with less accumulated starting capital.