Need an appraisal for an FHA-backed mortgage? Call JAMES HENRY CRUPI LLC.
The FHA keeps a roster of approved appraisers for each state - JAMES HENRY CRUPI LLC. is on the roster of approved appraisers for NJ. JAMES HENRY CRUPI LLC. is qualified and approved to do appraisal reports for FHA secured loans. A portion of the ongoing training our staff at JAMES HENRY CRUPI LLC. completes deals precisely with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your property loan is FHA approved, 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 loan funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to assist 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. The loan programs that the FHA offers are acutely helpful to buyers with less starting capital.