Need an appraisal for an FHA-backed mortgage? Call Tom WeinmanThe FHA keeps a roster of approved appraisers for each state - Tom Weinman is on the roster of approved appraisers for NJ. Tom Weinman is certified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Tom Weinman is well-trained on how to follow the rules and regulations provided. Be sure to contact Tom Weinman if you need an appraisal done for an FHA-secured loan. If your loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are extremely useful to purchasers with less starting capital. |