Need an appraisal for an FHA-backed mortgage? Call Crawford Romans Appraisal ServicesCrawford Romans Appraisal Services 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. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report 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-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 loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are excessively beneficial to buyers with less starting income. |