Need an appraisal for an FHA-backed mortgage? Call Peak Appraising

Peak Appraising is NC state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Peak Appraising, as we are approved and qualified to produce FHA appraisal reports. Part of the continuing training our staff at Peak Appraising completes deals strictly with understanding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are incredibly beneficial to buyers with less starting capital.