Preferred Appraisers, Inc. is your FHA certified appraisal companyPreferred Appraisers, Inc. is NJ state certified and on the FHA Roster of approved residential appraisers. Preferred Appraisers, Inc. is certified and approved to do appraisal reports for FHA secured loans. A portion of the regular training our staff at Preferred Appraisers, Inc. undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Preferred Appraisers, Inc. if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-insured loan, it means it is underwritten by them. The lender provides all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications 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. FHA loan programs are extremely beneficial to those purchasers with less accessible cash. |