Appraisal Comp is your FHA certified appraisal company

Rest assured that Appraisal Comp is an FHA-certified appraisal firm in OH. We are qualified and approved to do appraisal reports for FHA insured financial transactions. Part of the continuing training our staff at Appraisal Comp undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.

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 secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit qualifications 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 FHA offers are acutely beneficial to consumers with less starting income.