Yida Friedman is approved for FHA mortgagesThe FHA publishes a list of approved appraisers for each state - Yida Friedman is on the roster of approved appraisers for NY. If you have an FHA-loan, be sure to hire Yida Friedman, as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Yida Friedman 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 make sure that the mortgage is paid for in case the borrower doesn't pay their loan. Accessible to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those purchasers with less accessible cash. |