Draheim Appraisal Services, LLC is your FHA certified appraisal company
Rest assured that Draheim Appraisal Services, LLC is an FHA-certified appraisal provider in OH. We are qualified and approved to do appraisal reports for FHA insured loans. Part of the ongoing training our staff at Draheim Appraisal Services, LLC completes deals precisely with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies 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. The loan programs that the Federal Housing Administration provides are exceedingly useful to purchasers with less starting capital.