The FHA retains a roster of approved appraisers for each state - Marco Tiberio is on the roster of approved appraisers for New York.
This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 loan, it means it is insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lender working with Federal Housing Administration is allowed to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lower incomes or less starting funds to put down on a loan are assisted the most from Federal Housing Administration loan programs.
