We assure you that J.K. Appraisal & Consulting is an FHA-approved appraisal firm in Illinois.
If you have an FHA-secured mortgage, be sure to call J.K. Appraisal & Consulting, as we are approved and qualified to produce FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at J.K. Appraisal & Consulting is well-trained on how to work in accordance with the rules and regulations provided.
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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. |
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An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The lending company provides all the loaned money - the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are created to aid low-to-moderate income buyers by easing credit qualifications.
Remember that the lender working with the the Federal Housing Administration is able to pick the appraisal company with which they'll work, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Consumers with lesser incomes or less starting capital to put down on a mortgage are helped the most from Federal Housing Administration loan programs.
