Need an appraisal for an FHA-backed mortgage? Call Susan Fretz Appraisals

Susan Fretz Appraisals is NY state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for property loans insured by them. Part of the continuing training our staff at Susan Fretz Appraisals undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.

If your home loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist low-to-moderate income consumers 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 extremely useful to those consumers with less accessible starting capital.