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. If you have an FHA-loan, be sure to call Premier Appraisals, Inc., as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Premier Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is insured 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 make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are incredibly beneficial to buyers with less starting income.