Need an appraisal for an FHA-backed mortgage? Call David MeisenholderWe assure you that David Meisenholder is an FHA-approved appraisal practice in NY. If you have an FHA-loan, be sure to contact David Meisenholder, as we are approved and certified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at David Meisenholder is well-trained on how to follow the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The lending organization takes care of all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all homebuyers, FHA loan programs are created to assist 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. Buyers with lower income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |