Germano & Van Leeuwen, Inc. is ready for your FHA mortgages

The FHA retains of approved appraisers for each state - Germano & Van Leeuwen, Inc. is on the roster of approved appraisers for VA. If you have an FHA-insured loan, be sure to call Germano & Van Leeuwen, Inc. , as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those purchasers with less accumulated cash.