Nu Vision Appraisals, Inc.Rest assured that Nu Vision Appraisals, Inc. is an FHA-approved appraisal practice in OH. We're certified and approved to do appraisal reports for FHA insured loans. A portion of the continuing training our staff at Nu Vision Appraisals, Inc. undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Nu Vision Appraisals, Inc. if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is 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. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those purchasers with less accessible starting capital. |