Need an appraisal for an FHA-backed mortgage? Call Epic Appraisal GroupEpic Appraisal Group is an FHA-certified appraisal provider in NJ. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Epic Appraisal Group if you need an appraisal done for an FHA-secured loan. 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-secured loan, it means it is backed by them. The lending company takes care of all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all homebuyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are exceedingly helpful to consumers with less starting capital. |