Need an appraisal for an FHA-backed mortgage? Call Dayton Appraisal Group

Dayton Appraisal Group is OH state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending agencies that 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 offers are incredibly beneficial to buyers with less starting capital.