Need an appraisal for an FHA-backed mortgage? Call Draheim Appraisal Services, LLC
Rest assured that Draheim Appraisal Services, LLC is an FHA-approved appraisal service in OH. If you have an FHA-insured mortgage, be sure to get with Draheim Appraisal Services, LLC, as we are approved and certified to handle FHA appraisal reports. Part of the ongoing training our staff at Draheim Appraisal Services, LLC completes deals strictly with decoding the FHA's documentation and their rules and procedures.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of 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. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those purchasers with less accessible cash.