is Ohio state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Davis Appraisal Group is well-trained on how to work in accordance with the rules and regulations provided.
If your home loan is FHA insured, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization takes care of all the money in the loan - the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lesser incomes or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.
