Shattuck AppraisalThe FHA keeps a roster of approved appraisers for each state - Shattuck Appraisal is on the roster of approved appraisers for NY. If you have an FHA-insured mortgage, be sure to contact Shattuck Appraisal, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Shattuck Appraisal is well-trained on how to comply with the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all homebuyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 offers are acutely helpful to buyers with less starting capital. |