Need an appraisal for an FHA-backed mortgage? Call New Jersey Real Estate Appraisal Group, LLCThe FHA keeps a roster of approved appraisers for each state - New Jersey Real Estate Appraisal Group, LLC is on the roster of approved appraisers for NJ. We're qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at New Jersey Real Estate Appraisal Group, LLC is well-trained on how to follow the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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-secured loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |