HomeSafe AppraisalsHomeSafe Appraisals is NJ state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured financial transactions. A certain amount of the regular training our staff at HomeSafe Appraisals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal 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 loan, it means it is secured by them. The lender takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all purchasers, FHA loan programs are built to assist 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. The loan programs that the Federal Housing Administration provides are excessively useful to purchasers with less starting income. |