Need an appraisal for an FHA-backed mortgage? Call Puccio & York, LLCWe confidently state that Puccio & York, LLC is an FHA-approved appraisal practice in WV. This means that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. A portion of the continuing training our staff at Puccio & York, LLC completes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lender takes care of all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those purchasers with less available funding. |