John Thomas Appraisal Company is your FHA certified appraisal companyJohn Thomas Appraisal Company is NY state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for property loans insured by them. A certain amount of the periodic training our staff at John Thomas Appraisal Company receives deals exclusively with decoding 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. 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 lending organization provides all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less accumulated cash. |