DMP Appraisal Services, Inc. can do FHA mortgages

The FHA keeps a roster of approved appraisers for each state - DMP Appraisal Services, Inc. is on the roster of approved appraisers for NY. If you have an FHA-loan, be sure to hire DMP Appraisal Services, Inc., as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at DMP Appraisal Services, Inc. is well-trained on how to follow the rules and regulations provided.

If your home loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a mortgage are assisted the most from FHA loan programs.