Need an appraisal for an FHA-backed mortgage? Call Neglia Appraisals

The FHA keeps a roster of approved appraisers for each state - Neglia Appraisals is on the roster of approved appraisers for NY. If you have an FHA-loan, be sure to hire Neglia Appraisals , as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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

An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income consumers help meet credit expectations if they otherwise would not.

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