The FHA keeps a roster of approved appraisers for each state - Accent Associates is on the roster of approved appraisers for New York.
If you have an FHA-mortgage, be sure to get with Accent Associates, as we are approved and certified to produce FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are built to assist low-to-moderate income homebuyers by easing credit expectations.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the ability to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lesser incomes or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.
