Azar Appraisal Services is your FHA certified appraisal companyAzar Appraisal Services is OH state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Azar Appraisal Services is well-trained on how to comply with the rules and regulations provided. Be sure to contact Azar Appraisal Services if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA loan, it means it is backed by them. The lender provides all the loaned money; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are created 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. Those with lower income or less starting money to put down on a loan are helped the most from FHA loan programs. |