JSM Appraisal ServicesThe FHA retains of approved appraisers for each state - JSM Appraisal Services is on the roster of approved appraisers for NY. If you have an FHA-insured loan, be sure to hire JSM Appraisal Services, as we are approved and certified to produce FHA reports. 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. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations 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 particularly helpful to those buyers with less accumulated starting capital. |