TSL Appraisals

Rest assured that TSL Appraisals is an FHA-approved appraisal practice in OH. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. A certain amount of the continuing training our staff at TSL Appraisals receives deals strictly with understanding the FHA's documentation and their rules and procedures.

If your financial transaction is FHA certified, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs.