Preferred Appraisers, Inc. is your FHA certified appraisal companyPreferred Appraisers, Inc. is NJ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Preferred Appraisers, Inc., as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA insured, 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). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting money to put down on a loan benefit the most from FHA loan programs. |