Martin Appraisal is available for your FHA workThe FHA publishes a list of approved appraisers for each state - Martin Appraisal is on the roster of approved appraisers for NY. Martin Appraisal is certified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Martin Appraisal is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Martin Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements 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. FHA loan programs are extremely useful to those buyers with less available starting capital. |