Need an appraisal for an FHA-backed mortgage? Call ARE Appraisals, Inc.

The FHA publishes a list of approved appraisers for each state - ARE Appraisals, Inc. is on the roster of approved appraisers for NY. We're qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at ARE Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact ARE Appraisals, Inc. if you need an appraisal done for an FHA-secured loan.

An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of 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 by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less available starting capital.