is Ohio state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do appraisal reports for FHA insured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Roser Real Estate Appraisal, Inc. is well-trained on how to work in accordance with the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all purchasers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lender working with the the FHA is free to choose which appraisers they work with, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting capital to put down on a mortgage benefit the most from FHA loan programs.