Need an appraisal for an FHA-backed mortgage? Call Genesis Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - Genesis Appraisal Services is on the roster of approved appraisers for Oh. This means that we are qualified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Genesis Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Genesis Appraisal Services if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not. 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 helpful to those consumers with less accessible funding. |
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