Ferguson Appraisals Ltd.We are happy to say that Ferguson Appraisals Ltd. is an FHA-certified appraisal firm in NY. If you have an FHA-secured loan, be sure to get with Ferguson Appraisals Ltd., as we are approved and qualified to perform FHA appraisals. A certain amount of the periodic training our staff at Ferguson Appraisals Ltd. receives deals precisely with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those buyers with less accessible starting capital. |