Need an appraisal for an FHA-backed mortgage? Call True Point Valuation ServicesTrue Point Valuation Services is OH state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact True Point Valuation Services if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those buyers with less accumulated starting capital. |