JMAppraisal Services, Inc.

The FHA retains of approved appraisers for each state - JMAppraisal Services, Inc. is on the roster of approved appraisers for NY. JMAppraisal Services, Inc. is certified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact JMAppraisal Services, Inc. if you need an appraisal done for an FHA-secured loan.

If your property loan is FHA insured, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lenders that 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. FHA loan programs are incredibly helpful to those buyers with less accumulated funding.