Need an appraisal for an FHA-backed mortgage? Call Ryan Laffey

The FHA keeps a roster of approved appraisers for each state - Ryan Laffey is on the roster of approved appraisers for PA. We are qualified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Ryan Laffey is well-trained on how to work in accordance with the rules and regulations provided.

If your home loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs.