Need an appraisal for an FHA-backed mortgage? Call JSHThe FHA maintains of approved appraisers for each state - JSH is on the roster of approved appraisers for PA. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. A certain amount of the ongoing training our staff at JSH receives deals exclusively with understanding 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. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that 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. Buyers with lesser income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs. |