Need an appraisal for an FHA-backed mortgage? Call Bumgarner Appraisals, Inc.

Bumgarner Appraisals, Inc. is NC state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Bumgarner Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.

Be sure to contact Bumgarner Appraisals, Inc. if you need an appraisal done for an FHA-secured loan.

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 loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to use as a down-payment on a financial transaction are helped the most from FHA loan programs.