Southeast Appraisal is approved for FHA backed loansThe FHA publishes a list of approved appraisers for each state - Southeast Appraisal is on the roster of approved appraisers for OH. This means that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. A certain amount of the regular training our staff at Southeast Appraisal receives deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of 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 make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are incredibly helpful to buyers with less starting income. |