Draheim Appraisal Services, LLC can do FHA appraisals
Draheim Appraisal Services, LLC is OH state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. Part of the ongoing training our staff at Draheim Appraisal Services, LLC receives deals precisely with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Draheim Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications 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 provides are exceedingly helpful to purchasers with less starting capital.