Need an appraisal for an FHA-backed mortgage? Call Velardo Appraisal Group
The FHA publishes a list of approved appraisers for each state - Velardo Appraisal Group is on the roster of approved appraisers for OH. We are qualified and approved to do appraisals for FHA insured financial transactions. A certain amount of the regular training our staff at Velardo Appraisal Group completes deals strictly with understanding the FHA's documentation and their rules and procedures.
If you need an appraisal 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 loan, it means it is underwritten by them. The lending company takes care of all the finances; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to put down on a loan benefit the most from Federal Housing Administration loan programs.