is Georgia state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do appraisal reports for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Rock Creek Appraisal is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are created to assist low-to-moderate income consumers by easing credit requirements.
Remember that the lending organization approving a loan backed by the FHA is authorized to select which appraisers they work with, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lesser incomes or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.
