PSM Appraisals, LLC is available for your FHA work

PSM Appraisals, LLC is NY state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your loan is FHA approved, that means that the loan has been guaranteed by the FHA, 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 security with mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all buyers, FHA loan programs are created to aid 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. Those with lesser income or less starting capital to put down on a mortgage are helped the most from FHA loan programs.