Advantage Appraisal LLC FHA Approved & State Certified
We meet the new Revised Eligibility Requirements for FHA Roster Appraisers, Mortgagee Letter 2008-39. With over 5 years experienced as State Certified appraiser and on the FHA Roster of approved residential appraisers for Ohio and including Columbus and all of Central Ohio, you won’t have unwanted delays due to corrections or errors. Advantage Appraisal Appraisers are qualified and approved to do appraisals for FHA insured loans. Trained and understand the rules and procedures in FHA's guidance and policy documents. Including Recent changes with Mortgagee letters.
If you're in need of an appraisal for an FHA loan in Columbus, Ohio or Delaware, Ohio or surrounding areas, please contact Advantage Appraisal and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.