Accredited Appraisals can do FHA workThe FHA publishes a list of approved appraisers for each state - Accredited Appraisals is on the roster of approved appraisers for IL. If you have an FHA-insured loan, be sure to hire Accredited Appraisals, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the continuing training our staff at Accredited Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Accredited Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those buyers with less available cash. |