Need an appraisal for an FHA-backed mortgage? Call Tortorella Appraisals, Inc.
Tortorella Appraisals, Inc. is New York state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to hire Tortorella Appraisals, Inc., as we are approved and qualified to perform FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Tortorella Appraisals, Inc. is well-trained on how to follow the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal organization 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.
No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to consumers with minimal starting capital.
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