Need an appraisal for an FHA-backed mortgage? Call Scott H. Gallant & Associates Inc.

Scott H. Gallant & Associates Inc. is NY state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA secured financial transactions. A portion of the ongoing training our staff at Scott H. Gallant & Associates Inc. completes deals exclusively with decoding the FHA's documentation and their rules and procedures.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

If your house 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 FHA does not loan funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending agencies that 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. FHA loan programs are extremely useful to those buyers with less accessible cash.