Need an appraisal for an FHA-backed mortgage? Call Bozzelli Appraisal

The FHA retains of approved appraisers for each state - Bozzelli Appraisal is on the roster of approved appraisers for NY. If you have an FHA-secured mortgage, be sure to get with Bozzelli Appraisal, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Bozzelli Appraisal is well-trained on how to comply with the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income consumers help meet credit requirements 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. The loan programs that the Federal Housing Administration offers are excessively beneficial to consumers with less starting income.