Appraisal Network, Corp.The FHA retains of approved appraisers for each state - Appraisal Network, Corp. is on the roster of approved appraisers for NY. If you have an FHA-insured loan, be sure to get with Appraisal Network, Corp., as we are approved and qualified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are incredibly beneficial to consumers with less starting capital. |