ASSOCIATES APPRAISALWe assure you that ASSOCIATES APPRAISAL is an FHA-approved appraisal practice in IL. This means that we are certified and approved by the FHA to do appraisal reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at ASSOCIATES APPRAISAL is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 financial transaction is an FHA loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Accessible to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those homebuyers with less accessible starting capital. |
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