Onan AppraisalsRest assured that Onan Appraisals is an FHA-approved appraisal practice in KY. If you have an FHA-insured mortgage, be sure to hire Onan Appraisals, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Onan Appraisals is well-trained on how to comply with the rules and regulations provided. Be sure to contact Onan Appraisals if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. 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 helpful to purchasers with less starting income. |