CSR AppraisalsThe FHA keeps a roster of approved appraisers for each state - CSR Appraisals is on the roster of approved appraisers for NJ. CSR Appraisals is qualified and approved to do appraisal reports for FHA secured financial transactions. A certain amount of the periodic training our staff at CSR Appraisals undergoes deals strictly with comprehending 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. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers 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 Federal Housing Administration offers are extremely helpful to buyers with less starting capital. |