Need an appraisal for an FHA-backed mortgage? Call Sue E Moore

The FHA keeps a roster of approved appraisers for each state - Sue E Moore is on the roster of approved appraisers for OH. We are certified and approved to do reports for FHA secured financial transactions. Part of the periodic training our staff at Sue E Moore receives deals strictly with decoding the FHA's documentation and their rules and procedures.

Be sure to contact Sue E Moore if you need an appraisal done for an FHA-secured 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-secured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all buyers, FHA loan programs are created to help 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. Buyers with lesser income or less starting money to put down on a mortgage benefit the most from FHA loan programs.