Gina Hammett

Gina Hammett is NC state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA insured financial transactions. A certain amount of the regular training our staff at Gina Hammett receives deals strictly with understanding the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to aid low-to-moderate income buyers help meet credit expectations if they otherwise would not.

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