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

KP Appraisals, Inc. is NY state certified and on the FHA Roster of approved residential appraisers. KP Appraisals, Inc. is certified and approved to do reports for FHA secured loans. A certain amount of the ongoing training our staff at KP Appraisals, Inc. undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your financial transaction is FHA certified, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.