Abbey Appraisal & ConsultingRest assured that Abbey Appraisal & Consulting is an FHA-certified appraisal provider in NY. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. Part of the regular training our staff at Abbey Appraisal & Consulting completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 make sure that the mortgage is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs. |