Need an appraisal for an FHA-backed mortgage? Call Draheim Appraisal Services, LLC
The FHA retains of approved appraisers for each state - Draheim Appraisal Services, LLC is on the roster of approved appraisers for OH. If you have an FHA-loan, be sure to hire Draheim Appraisal Services, LLC, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Draheim Appraisal Services, LLC is well-trained on how to comply with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
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 loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 acutely helpful to consumers with less starting income.