Need an appraisal for an FHA-backed mortgage? Call Infinity Real Estate AppraisalsInfinity Real Estate Appraisals is NY state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisals for FHA insured financial transactions. Part of the ongoing training our staff at Infinity Real Estate Appraisals undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Infinity Real Estate Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are excessively useful to purchasers with less starting income. |