Need an appraisal for an FHA-backed mortgage? Call Jim Murray Appraisal Service

Rest assured that Jim Murray Appraisal Service is an FHA-certified appraisal practice in New York. We're certified and approved to do appraisals for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Jim Murray Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided.


	If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.

If your home loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender provides all the money in the loan - the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember that the lender working with the the FHA is authorized to choose their appraisers, different from VA appraisal panel.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less accumulated funding.