Need an appraisal for an FHA-backed mortgage? Call Wayne Osborne Appraisal ServicesWe assure you that Wayne Osborne Appraisal Services is an FHA-approved appraisal company in SC. If you have an FHA-insured loan, be sure to hire Wayne Osborne Appraisal Services, as we are approved and qualified to produce FHA reports. A portion of the periodic training our staff at Wayne Osborne Appraisal Services undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 underwritten by them. The lender provides all the money in the loan; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all homebuyers, FHA loan programs are formed 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. Those with lower income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |