The FHA maintains the rolls of approved appraisers for each state - Shepard Appraisal Group, LLC is on the roster of approved appraisers for South Carolina.
If you have an FHA-mortgage, be sure to get with Shepard Appraisal Group, LLC, as we are approved and certified to perform FHA appraisals.
Part of the periodic training our staff at Shepard Appraisal Group, LLC completes deals precisely with understanding the FHA's documentation and their rules and procedures.
An FHA loan is underwritten 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 security by offering mortgage insurance in case the borrower defaults on his or her financial obligations.
Applicable to all purchasers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Unlike the VA appraiser panel, the lending agency working with FHA is allowed to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely useful to those homebuyers with less accessible starting capital.