Excellent Ideas of America is your FHA certified appraisal companyExcellent Ideas of America is NJ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to contact Excellent Ideas of America, as we are approved and certified to perform FHA appraisals. Part of the continuing training our staff at Excellent Ideas of America undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA-secured loan, it means it is backed by them. The lending company provides all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting funds to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |