Need an appraisal for an FHA-backed mortgage? Call JAMES HENRY CRUPI LLC.
JAMES HENRY CRUPI LLC. is NJ state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact JAMES HENRY CRUPI 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 that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those homebuyers with less accessible cash.