Need an appraisal for an FHA-backed mortgage? Call Coffey & Associates, Inc.

We are happy to say that Coffey & Associates, Inc. is an FHA-certified appraisal provider in Ohio. Coffey & Associates, Inc. is qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the we at Coffey & Associates, Inc. are well-trained on how to comply with the rules and regulations provided.


	Be sure to contact Coffey & Associates, Inc. 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 financial transaction is an FHA loan, it means it is insured by them. The lending company provides all the funds being borrowed - the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower incomes or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.