Arrow Appraisals, Inc.We are happy to say that Arrow Appraisals, Inc. is an FHA-approved appraisal firm in OH. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Arrow Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less available cash. |