is New York state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured mortgage, be sure to hire CEB Appraisals, as we are approved and qualified to perform FHA reports.
Part of the ongoing training our staff at CEB Appraisals undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your house loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the funds being borrowed - the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to aid low-to-moderate income homebuyers by easing credit qualifications.
Remember that the lending agency approving a loan backed by the Federal Housing Administration is able to choose which appraisers they will use, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly beneficial to those purchasers with less available starting capital.
