Draheim Appraisal Services, LLC can do FHA mortgages
Rest assured that Draheim Appraisal Services, LLC is an FHA-approved appraisal provider in OH. We're certified and approved to do reports for FHA secured loans. A portion of the ongoing training our staff at Draheim Appraisal Services, LLC completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
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-secured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection 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-secured financial transaction; the purpose 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.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those purchasers with less available starting capital.