Need an appraisal for an FHA-backed mortgage? Call Michael J. GanguzzaWe assure you that Michael J. Ganguzza is an FHA-approved appraisal service in NJ. If you have an FHA-loan, be sure to hire Michael J. Ganguzza, as we are approved and certified to perform FHA reports. Part of the ongoing training our staff at Michael J. Ganguzza undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is backed by them. None of the money in 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 doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are excessively helpful to purchasers with less starting income. |