Need an appraisal for an FHA-backed mortgage? Call Schubert AppraisalsThe FHA publishes a list of approved appraisers for each state - Schubert Appraisals is on the roster of approved appraisers for NJ. If you have an FHA-secured loan, be sure to get with Schubert Appraisals, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Schubert Appraisals is well-trained on how to comply with the rules and regulations provided. Be sure to contact Schubert Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income homebuyers help meet credit expectations 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. Buyers with lower income or less starting money to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |