CBOH Appraisal ServicesRest assured that CBOH Appraisal Services is an FHA-certified appraisal service in OH. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact CBOH Appraisal Services if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-insured loan, it means it is insured 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 created to aid low-to-moderate income consumers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those purchasers with less accumulated funding. |