is Ohio state certified and on the FHA Roster of approved residential appraisers.
We're qualified and approved to do appraisal reports for FHA secured loans.
A certain amount of the continuing training our staff at Wolfe Appraisal & Consulting, Inc undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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 loan is an FHA-insured loan, it means it is secured by them.
The FHA does not provide funds to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations.
Applicable to all homebuyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lender can pick the appraiser.
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 FHA provides are invaluable to purchasers with minimal starting income.