Need an appraisal for an FHA-backed mortgage? Call Wayne F Levering

Wayne F Levering is OH state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Wayne F Levering, as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting capital to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.