McGreal & Company is your FHA certified appraisal company

Rest assured that McGreal & Company is an FHA-approved appraisal service in OH. This indicates that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at McGreal & Company is well-trained on how to comply 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 underwritten by them. The lender takes care of all the loaned money; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations 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. FHA loan programs are incredibly beneficial to those buyers with less accumulated cash.