Rest assured that Jeff Mazzaferri is an FHA-certified appraisal provider in Ohio.
This means that we are certified and approved by the FHA to do appraisals for home loans insured by them.
Part of the continuing training our staff at Jeff Mazzaferri receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your home loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with safety with mortgage insurance in case the borrower defaults on his or her financial obligations.
Accessible to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is able to pick which appraisers they will use, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are extremely useful to consumers with less starting capital.
