![]() Need an appraisal for an FHA-backed mortgage? Call AJR Appraisal ServiceRest assured that AJR Appraisal Service is an FHA-certified appraisal service in NY. We are certified and approved to do reports for FHA insured loans. A certain amount of the regular training our staff at AJR Appraisal Service undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of 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 taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |