dba Paul M. Cortland can do FHA backed loansThe FHA publishes a list of approved appraisers for each state - dba Paul M. Cortland is on the roster of approved appraisers for NJ. This indicates that we are certified and approved by the FHA to do appraisals for house loans insured by them. A certain amount of the periodic training our staff at dba Paul M. Cortland receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those buyers with less accessible starting capital. |