Need an appraisal for an FHA-backed mortgage? Call George R. PinkhamWe are happy to say that George R. Pinkham is an FHA-certified appraisal firm in NY. If you have an FHA-insured loan, be sure to call George R. Pinkham, as we are approved and qualified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your house loan is FHA insured, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly beneficial to those homebuyers with less available funding. |