Need an appraisal for an FHA-backed mortgage? Call Qualls AppraisalsThe FHA keeps a roster of approved appraisers for each state - Qualls Appraisals is on the roster of approved appraisers for NC. This means that we are certified and approved by the FHA to do reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Qualls Appraisals if you need an appraisal done for an FHA-secured 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 underwritten by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are extremely useful to buyers with less starting income. |