Precision ValuationPrecision Valuation is OH state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with Precision Valuation, as we are approved and qualified to perform FHA appraisals. Part of the regular training our staff at Precision Valuation completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your property loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |