Need an appraisal for an FHA-backed mortgage? Call DAS Appraisals
The FHA retains of approved appraisers for each state - DAS Appraisals is on the roster of approved appraisers for NJ. We are qualified and approved to do reports for FHA secured financial transactions. Part of the regular training our staff at DAS Appraisals undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are incredibly helpful to consumers with less starting income.