Need an appraisal for an FHA-backed mortgage? Call Alford & Associates

We are happy to say that Alford & Associates is an FHA-approved appraisal service in NC. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured 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 FHA does not loan capital to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are incredibly helpful to consumers with less starting capital.