Need an appraisal for an FHA-backed mortgage? Call Premier Appraisals, Inc.

Premier Appraisals, Inc. is NY state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA secured loans. A certain amount of the ongoing training our staff at Premier Appraisals, Inc. receives deals precisely with decoding the FHA's documentation and their rules and procedures.

An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers help meet credit qualifications if 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. Purchasers with lesser income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.