Need an appraisal for an FHA-backed mortgage? Call Draheim Appraisal Services, LLC
Draheim Appraisal Services, LLC is OH state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Draheim Appraisal Services, LLC, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
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 Federal Housing Administration offers are extremely useful to consumers with less starting income.