Rest assured that Nobles Appraisal Express is an FHA-approved appraisal practice in Ohio. This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. Part of the ongoing training our staff at Nobles Appraisal Express undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
 |
 |
 |
If you need an appraisal 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 within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers. Rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income buyers by easing credit expectations. Remember, the FHA differs from the VA appraiser panel in that the lender can choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those homebuyers with less available starting capital.