ASSOCIATES APPRAISAL is your FHA certified appraisal company
The FHA maintains of approved appraisers for each state - ASSOCIATES APPRAISAL is on the roster of approved appraisers for IL. If you have an FHA-mortgage, be sure to call ASSOCIATES APPRAISAL, as we are approved and qualified to perform FHA appraisals. Part of the continuing training our staff at ASSOCIATES APPRAISAL receives deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact ASSOCIATES APPRAISAL if you need an appraisal done for an FHA-secured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are exceedingly useful to consumers with less starting income.
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