PSM Appraisals, LLC is your FHA certified appraisal company

The FHA keeps a roster of approved appraisers for each state - PSM Appraisals, LLC is on the roster of approved appraisers for NY. If you have an FHA-insured mortgage, be sure to contact PSM Appraisals, LLC, as we are approved and qualified to produce FHA reports. A certain amount of the periodic training our staff at PSM Appraisals, LLC undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

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 loan is an FHA-insured loan, it means it is secured by them. The lender takes care of all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those buyers with less available funding.