Regional Real Estate Appraisal Service is available for your FHA mortgages

Regional Real Estate Appraisal Service is New York state certified and on the FHA Roster of approved residential appraisers.  If you have an FHA-secured loan, be sure to hire Regional Real Estate Appraisal Service , 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 Regional Real Estate Appraisal Service if you need an appraisal done for an FHA-secured loan.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not. Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration has the ability to choose the appraiser.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are incredibly helpful to purchasers with less starting income.