Need an appraisal for an FHA-backed mortgage? Call Mid Atlantic Realty AdvisorsThe FHA retains of approved appraisers for each state - Mid Atlantic Realty Advisors is on the roster of approved appraisers for NY. If you have an FHA-secured mortgage, be sure to contact Mid Atlantic Realty Advisors, as we are approved and certified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Mid Atlantic Realty Advisors is well-trained on how to comply with the rules and regulations provided. Be sure to contact Mid Atlantic Realty Advisors if you need an appraisal done for an FHA-secured loan. If your house loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting funds to put down on a loan are assisted the most from FHA loan programs. |