Need an appraisal for an FHA-backed mortgage? Call John McCartyThe FHA retains of approved appraisers for each state - John McCarty is on the roster of approved appraisers for NJ. John McCarty is qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact John McCarty if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations 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 helpful to those consumers with less available funding. |