Draheim Appraisal Services, LLC is approved for FHA backed loans
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 reports for property loans backed by them. A portion of the regular training our staff at Draheim Appraisal Services, LLC undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit expectations if 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. Buyers with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.