Need an appraisal for an FHA-backed mortgage? Call Aspen Appraisal Services

Rest assured that Aspen Appraisal Services is an FHA-certified appraisal provider in OH. This indicates that we are qualified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Aspen Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal agency 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. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are extremely useful to buyers with less starting capital.