A.D. Real Estate, LLC is your FHA certified appraisal company
The FHA retains a roster of approved appraisers for each state - A.D. Real Estate, LLC is on the roster of approved appraisers for Ohio.
If you have an FHA-mortgage, be sure to contact A.D. Real Estate, LLC, as we are approved and qualified to produce FHA appraisal reports.
A portion of the regular training our staff at A.D. Real Estate, LLC undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is underwritten by them.
The lender provides all the money in the loan - the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember that the lending organization working with the the Federal Housing Administration is permitted to pick their appraisers, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those purchasers with less accumulated starting capital.