is Georgia and South Carolina state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Coastal Property Appraisals is well-trained on how to comply with the rules and regulations provided.
If your financial transaction is FHA approved, that means that it has been secured by the FHA, which is part of 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 make sure that the loan is secure in case the borrower doesn't pay their loan. Available to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Different from the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly useful to those homebuyers with less accumulated starting capital.