Rest assured that KANGAS APPRAISALS, INC. is an FHA-approved appraisal provider in Ohio.
This means that we are qualified and approved by the FHA to do appraisals for house loans backed by them.
A certain amount of the ongoing training our staff at KANGAS APPRAISALS, INC. undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the financing - the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lender can select 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 useful to those homebuyers with less accumulated cash.