Rest assured that Miller Appraisals is an FHA-certified appraisal firm in Ohio.
This indicates that we are qualified and approved by the FHA to do reports for property loans underwritten by them.
Part of the continuing training our staff at Miller Appraisals receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
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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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The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-secured loan, it means it is secured by them.
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan.
The FHA and their loan programs are built to help low-to-moderate income consumers by easing credit requirements.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to choose 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.
FHA loan programs are particularly beneficial to those consumers with less available starting capital.