Peery Precision Capital

Rest assured that Peery Precision Capital is an FHA-certified appraisal practice in SC. If you have an FHA-secured loan, be sure to get with Peery Precision Capital, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Peery Precision Capital is well-trained on how to work in accordance with the rules and regulations provided.

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 financial transaction is an FHA-secured loan, it means it is insured by them. The lender takes care of all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not.

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 provides are extremely useful to purchasers with less starting capital.