Need an appraisal for an FHA-backed mortgage? Call Expose Value AppraisalsThe FHA publishes a list of approved appraisers for each state - Expose Value Appraisals is on the roster of approved appraisers for NY. This indicates that we are qualified and approved by the FHA to do reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Expose Value Appraisals is well-trained on how to follow the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely beneficial to those buyers with less accumulated funding. |