Need an appraisal for an FHA-backed mortgage? Call Scott Kriney Appraisals

Rest assured that Scott Kriney Appraisals is an FHA-certified appraisal service in NJ. This means that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Scott Kriney Appraisals is well-trained on how to comply with the rules and regulations provided.

An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lenders 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 useful to consumers with less starting income.