Need an appraisal for an FHA-backed mortgage? Call Camacho Appraisals LLCThe FHA retains of approved appraisers for each state - Camacho Appraisals LLC is on the roster of approved appraisers for NJ. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lenders 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. FHA loan programs are particularly beneficial to those homebuyers with less accessible funding. |