Need an appraisal for an FHA-backed mortgage? Call North East Appraisals, LLCThe FHA maintains of approved appraisers for each state - North East Appraisals, LLC is on the roster of approved appraisers for NJ. If you have an FHA-insured mortgage, be sure to get with North East Appraisals, LLC, as we are approved and certified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact North East Appraisals, LLC if you need an appraisal done for an FHA-secured loan. If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to assist low-to-moderate income homebuyers 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. Purchasers with lower income or less starting funds to put down on a mortgage benefit the most from FHA loan programs. |