Need an appraisal for an FHA-backed mortgage? Call PSM Appraisals, LLCPSM Appraisals, LLC is NY state certified and on the FHA Roster of approved residential appraisers. PSM Appraisals, LLC is qualified and approved to do reports for FHA secured financial transactions. A certain amount of the ongoing training our staff at PSM Appraisals, LLC completes deals strictly with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA certified, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to help low-to-moderate income buyers help meet credit requirements if 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 extremely beneficial to those consumers with less accessible funding. |