Need an appraisal for an FHA-backed mortgage? Call Ruddy Realty

Ruddy Realty is PA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Ruddy Realty, as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Ruddy Realty is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit requirements if 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. Those with lesser income or less starting money to put down on a mortgage are helped the most from FHA loan programs.