Need an appraisal for an FHA-backed mortgage? Call V2 Valuations LLCV2 Valuations LLC is NJ state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for house loans insured by them. A certain amount of the continuing training our staff at V2 Valuations LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact V2 Valuations LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are acutely helpful to purchasers with less starting income. |