Need an appraisal for an FHA-backed mortgage? Call ASSOCIATES APPRAISAL
ASSOCIATES APPRAISAL is IL state certified and on the FHA Roster of approved residential appraisers. ASSOCIATES APPRAISAL is qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ASSOCIATES APPRAISAL is well-trained on how to follow the rules and regulations provided.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to put down on a loan benefit the most from Federal Housing Administration loan programs.
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