Need an appraisal for an FHA-backed mortgage? Call PSM Appraisals, LLCThe FHA maintains 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 insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at PSM Appraisals, LLC is well-trained on how to comply with the rules and regulations provided. 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 within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Applicable to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those consumers with less accessible cash. |