Need an appraisal for an FHA-backed mortgage? Call Daniel BinnixDaniel Binnix is NC state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with Daniel Binnix, as we are approved and certified to perform FHA appraisals. A portion of the periodic training our staff at Daniel Binnix undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Daniel Binnix if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. 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 FHA provides are excessively beneficial to purchasers with less starting capital. |