Michael CenatiempoMichael Cenatiempo is NJ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Michael Cenatiempo, as we are approved and certified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Michael Cenatiempo if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income consumers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are exceedingly useful to buyers with less starting capital. |