Duke Home Appraisals

We assure you that Duke Home Appraisals is an FHA-certified appraisal practice in NC. This means that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 lending organization takes care of all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

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 offers are excessively useful to buyers with less starting income.