Need an appraisal for an FHA-backed mortgage? Call Randolph Appraisals LLCThe FHA publishes a list of approved appraisers for each state - Randolph Appraisals LLC is on the roster of approved appraisers for OH. If you have an FHA-loan, be sure to get with Randolph Appraisals LLC, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the periodic training our staff at Randolph Appraisals LLC undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 lending agencies with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are excessively helpful to consumers with less starting income. |