James Minaya & Company is your FHA certified appraisal companyJames Minaya & Company is NJ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to hire James Minaya & Company, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at James Minaya & Company is well-trained on how to follow the rules and regulations provided. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those buyers with less accessible cash. |