Need an appraisal for an FHA-backed mortgage? Call Parks Appraisal ServiceThe FHA retains of approved appraisers for each state - Parks Appraisal Service is on the roster of approved appraisers for OH. We're certified and approved to do appraisals for FHA secured loans. A certain amount of the periodic training our staff at Parks Appraisal Service receives deals exclusively with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit expectations if they otherwise would not. 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 FHA offers are acutely useful to consumers with less starting capital. |