Dempsey Appraisal Services, LLC can do FHA backed loansRest assured that Dempsey Appraisal Services, LLC is an FHA-certified appraisal service in OH. If you have an FHA-mortgage, be sure to get with Dempsey Appraisal Services, LLC, as we are approved and qualified to produce FHA reports. Part of the ongoing training our staff at Dempsey Appraisal Services, LLC undergoes deals strictly with understanding 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. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less accumulated starting capital. |