Jeffrey Smith is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Jeffrey Smith is on the roster of approved appraisers for NJ. We are qualified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. 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 offers are incredibly beneficial to buyers with less starting capital. |