Need an appraisal for an FHA-backed mortgage? Call James M. Hanson Associates, Inc.

Rest assured that James M. Hanson Associates, Inc. is an FHA-approved appraisal provider in New Jersey. If you have an FHA-mortgage, be sure to hire James M. Hanson Associates, Inc., as we are approved and certified to perform FHA appraisals. A certain amount of the ongoing training our staff at James M. Hanson Associates, Inc. receives deals exclusively with understanding the FHA's documentation and their rules and procedures.


	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 agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers by easing credit requirements. Remember that the lending organization working with the the Federal Housing Administration is permitted to choose which appraisers they work with, different from VA appraisal panel.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower incomes or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.