Empire Inspections & Appraisals is your FHA certified appraisal companyWe assure you that Empire Inspections & Appraisals is an FHA-approved appraisal service in NY. This means that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. A portion of the periodic training our staff at Empire Inspections & Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Empire Inspections & Appraisals if you need an appraisal done for an FHA-secured 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 loan is an FHA-insured loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those purchasers with less accessible cash. |