Need an appraisal for an FHA-backed mortgage? Call Robert Pasacrita Appraisals

Rest assured that Robert Pasacrita Appraisals is an FHA-certified appraisal firm in NY. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans backed by them. Part of the periodic training our staff at Robert Pasacrita Appraisals undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.

If your property loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to assist low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly helpful to those buyers with less available cash.