Need an appraisal for an FHA-backed mortgage? Call Dawn O'Leary AppraisalWe are happy to say that Dawn O'Leary Appraisal is an FHA-certified appraisal firm in OR. This indicates that we are certified and approved by the FHA to do appraisals for property loans insured by them. A certain amount of the regular training our staff at Dawn O'Leary Appraisal undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Dawn O'Leary Appraisal 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 loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income purchasers help meet credit expectations if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are incredibly useful to purchasers with less starting income. |