Bruck & Associates, ltdWe assure you that Bruck & Associates, ltd is an FHA-approved appraisal service in OH. If you have an FHA-secured mortgage, be sure to hire Bruck & Associates, ltd, as we are approved and qualified to produce FHA reports. Part of the regular training our staff at Bruck & Associates, ltd receives deals exclusively with decoding 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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |