Need an appraisal for an FHA-backed mortgage? Call Stern & Dragoset Appraisal GroupRest assured that Stern & Dragoset Appraisal Group is an FHA-certified appraisal firm in NJ. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Stern & Dragoset Appraisal Group if you need an appraisal done for an FHA-secured loan. If your property loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income purchasers 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. FHA loan programs are incredibly useful to those buyers with less available cash. |