Coastal Appraisal Service is your FHA certified appraisal company

Coastal Appraisal Service is New Jersey state certified and on the FHA Roster of approved residential appraisers.  We're qualified and approved to do appraisals for FHA secured financial transactions. A certain amount of the continuing training our staff at Coastal Appraisal Service 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.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income homebuyers by easing credit expectations. Different from the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser incomes or less starting money to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.