Acela Appraisers is your FHA certified appraisal company

The FHA publishes a list of approved appraisers for each state - Acela Appraisers is on the roster of approved appraisers for NY. We are certified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Acela Appraisers is well-trained on how to work in accordance with the rules and regulations provided.

If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs.