Preferred Appraisers, Inc. can do FHA work

Rest assured that Preferred Appraisers, Inc. is an FHA-approved appraisal firm in NJ. This means that we are qualified and approved by the FHA to do appraisals for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.

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 secured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those purchasers with less available starting capital.