DRB Appraisal Services, LLCWe confidently state that DRB Appraisal Services, LLC is an FHA-certified appraisal company in NY. DRB Appraisal Services, LLC is qualified and approved to do reports for FHA insured financial transactions. A portion of the ongoing training our staff at DRB Appraisal Services, LLC undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact DRB Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan. 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-insured loan, it means it is underwritten by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit expectations if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those consumers with less accumulated starting capital. |