Premier Appraisals, Inc.
Rest assured that Premier Appraisals, Inc. is an FHA-approved appraisal company in NY. If you have an FHA-secured mortgage, be sure to call Premier Appraisals, Inc., as we are approved and qualified to perform FHA appraisal reports. A portion of the ongoing training our staff at Premier Appraisals, Inc. completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. 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. Accessible to all homebuyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from FHA loan programs.