Need an appraisal for an FHA-backed mortgage? Call Sonoff Appraisal Services

The FHA publishes a list of approved appraisers for each state - Sonoff Appraisal Services is on the roster of approved appraisers for PA. We are certified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Sonoff Appraisal Services is well-trained on how to comply with the rules and regulations provided.

If your property loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting funds to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.