Premier Appraisals, Inc. can do FHA backed loans

We assure you that Premier Appraisals, Inc. is an FHA-approved appraisal service in NY. If you have an FHA-secured mortgage, be sure to call Premier Appraisals, Inc., as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Premier Appraisals, Inc. is well-trained on how to follow the rules and regulations provided.

Be sure to contact Premier Appraisals, Inc. if you need an appraisal done for an FHA-secured loan.

If your home loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lenders 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 Federal Housing Administration offers are exceedingly beneficial to consumers with less starting capital.