Castle AppraisalsCastle Appraisals is NY state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with Castle Appraisals, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Castle Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Applicable to all consumers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 useful to those purchasers with less accumulated cash. |