Need an appraisal for an FHA-backed mortgage? Call PSM Appraisals, LLC

PSM Appraisals, LLC is NY state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to hire PSM Appraisals, LLC, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at PSM Appraisals, LLC is well-trained on how to follow the rules and regulations provided.

If your home loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements 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. The loan programs that the FHA offers are exceedingly useful to consumers with less starting capital.