Harris Appraisal Services, Inc.
We confidently state that Harris Appraisal Services, Inc. is an FHA-certified appraisal service in Ohio.
This means that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Harris Appraisal Services, Inc. is well-trained on how to follow the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations.
Accessible to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lender working with Federal Housing Administration has the freedom to 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.
The loan programs that the FHA provides are extremely helpful to buyers with less starting capital.
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