Haas Appraisal Service is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Haas Appraisal Service is on the roster of approved appraisers for NJ. This indicates that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Haas Appraisal Service if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less accessible funding. |