David Reardon is approved for FHA loansThe FHA keeps a roster of approved appraisers for each state - David Reardon is on the roster of approved appraisers for NJ. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at David Reardon is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those consumers with less accumulated starting capital. |