Eastern Valuations, LLCThe FHA retains of approved appraisers for each state - Eastern Valuations, LLC is on the roster of approved appraisers for NJ. If you have an FHA-secured mortgage, be sure to call Eastern Valuations, LLC, as we are approved and certified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Eastern Valuations, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |