PSM Appraisals, LLC can do FHA loansThe FHA keeps a roster of approved appraisers for each state - PSM Appraisals, LLC is on the roster of approved appraisers for NY. PSM Appraisals, LLC is certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the continuing training our staff at PSM Appraisals, LLC undergoes deals exclusively with decoding 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |