Need an appraisal for an FHA-backed mortgage? Call Bogris Appraisal LLC
The FHA keeps a roster of approved appraisers for each state - Bogris Appraisal LLC is on the roster of approved appraisers for NJ. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Bogris Appraisal LLC is well-trained on how to follow the rules and regulations provided.
If you need an appraisal 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 agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are incredibly useful to buyers with less starting capital.
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.