B & J APPRAISALS, INC.

B & J APPRAISALS, INC. is New York state certified and on the FHA Roster of approved residential appraisers.  This indicates that we are qualified and approved by the FHA to do appraisals for house loans underwritten by them. Part of the periodic training our staff at B & J APPRAISALS, INC. receives deals exclusively with understanding the FHA's documentation and their rules and procedures.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

If your financial transaction is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the funds being borrowed - the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Remember that the lending organization working with the the Federal Housing Administration is allowed to pick the appraisal company with which they'll work, different from VA appraisal panel.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are invaluable to buyers with minimal starting income.