Need an appraisal for an FHA-backed mortgage? Call Tipton Appraisal ServicesWe are happy to say that Tipton Appraisal Services is an FHA-approved appraisal company in OH. If you have an FHA-mortgage, be sure to hire Tipton Appraisal Services, as we are approved and qualified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Tipton Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting money to put down on a mortgage are assisted the most from FHA loan programs. |