Dustin Arnold (843) 263-1285 is approved for FHA backed loansDustin Arnold (843) 263-1285 is SC state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them. A portion of the regular training our staff at Dustin Arnold (843) 263-1285 completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 financial transaction is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending organizations that 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 acutely helpful to consumers with less starting capital. |