Need an appraisal for an FHA-backed mortgage? Call PSM Appraisals, LLCWe are happy to say that PSM Appraisals, LLC is an FHA-approved appraisal firm in NY. PSM Appraisals, LLC is certified and approved to do appraisals for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact PSM Appraisals, LLC if you need an appraisal done for an FHA-secured loan. 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). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are built to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not. 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 starting capital. |