We are happy to say that Brandow Real Estate Appraisals is an FHA-certified appraisal provider in Illinois.
We are qualified and approved to do reports for FHA insured loans.
A certain amount of the ongoing training our staff at Brandow Real Estate Appraisals completes deals precisely with decoding the FHA's documentation and their rules and procedures.
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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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If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the funds being borrowed - the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to help low-to-moderate income homebuyers by easing credit expectations.
Different from the VA appraiser panel, the lending agency working with Federal Housing Administration is allowed to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly beneficial to those purchasers with less accumulated funding.