Need an appraisal for an FHA-backed mortgage? Call PT Appraisal Services, Inc.

The FHA publishes a list of approved appraisers for each state - PT Appraisal Services, Inc. is on the roster of approved appraisers for NY. If you have an FHA-insured loan, be sure to contact PT Appraisal Services, Inc., as we are approved and certified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at PT Appraisal Services, Inc. is well-trained on how to follow the rules and regulations provided.

An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are extremely useful to buyers with less starting capital.