Need an appraisal for an FHA-backed mortgage? Call Duncan AppraisalsWe confidently state that Duncan Appraisals is an FHA-certified appraisal firm in NJ. If you have an FHA-insured loan, be sure to get with Duncan Appraisals, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Duncan Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Duncan Appraisals if you need an appraisal done for an FHA-secured loan. 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 underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are acutely helpful to buyers with less starting capital. |
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