Sirius Appraisal Services is your FHA certified appraisal company
The FHA keeps a roster of approved appraisers for each state - Sirius Appraisal Services is on the roster of approved appraisers for NY. Sirius Appraisal Services is certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the continuing training our staff at Sirius Appraisal Services completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Sirius Appraisal Services 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 financial transaction is an FHA loan, it means it is backed by them. The lending company provides all the loaned money; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those consumers with less accumulated funding.
Home Status Report
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