is New York state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do appraisals for house loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Expose Value Appraisals is well-trained on how to follow the rules and regulations provided.
||If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
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 loan, it means it is insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan.
Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending organization working with FHA has the ability to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA offers are incredibly helpful to consumers with minimal starting income.