The Appraisal Shop is approved for FHA appraisalsThe FHA maintains of approved appraisers for each state - The Appraisal Shop is on the roster of approved appraisers for OH. If you have an FHA-loan, be sure to get with The Appraisal Shop, as we are approved and certified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact The Appraisal Shop if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting funds to use as a down-payment on a loan are assisted the most from FHA loan programs. |