Need an appraisal for an FHA-backed mortgage? Call STP Appraisal ServicesThe FHA publishes a list of approved appraisers for each state - most appraisers on the STP Appraisal Services staff is on the roster of approved appraisers for OH. We're qualified and approved to do appraisal reports for FHA and USDA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements 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. The loan programs that the Federal Housing Administration provides are acutely helpful to buyers with less starting capital. |