Need an appraisal for an FHA-backed mortgage? Call Pace AppraisalsPace Appraisals is NY state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to hire Pace Appraisals , as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Pace Appraisals is well-trained on how to follow the rules and regulations provided. Be sure to contact Pace Appraisals if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-insured loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those buyers with less accumulated starting capital. |