Need an appraisal for an FHA-backed mortgage? Call Advanced Appraisal ExpertsWe assure you that Advanced Appraisal Experts is an FHA-certified appraisal firm in NY. This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Advanced Appraisal Experts is well-trained on how to comply with the rules and regulations provided. Be sure to contact Advanced Appraisal Experts if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are acutely beneficial to consumers with less starting income. |