James Earp Appraisal Service

The FHA keeps a roster of approved appraisers for each state - James Earp Appraisal Service is on the roster of approved appraisers for NC. If you have an FHA-insured mortgage, be sure to call James Earp Appraisal Service, as we are approved and certified to handle FHA reports. Part of the periodic training our staff at James Earp Appraisal Service completes deals precisely with decoding the FHA's documentation and their rules and procedures.

Be sure to contact James Earp Appraisal Service if you need an appraisal done for an FHA-secured loan.

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements 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. The loan programs that the Federal Housing Administration offers are excessively beneficial to purchasers with less starting income.