County Appraisals Inc.Rest assured that County Appraisals Inc. is an FHA-approved appraisal company in IL. If you have an FHA-mortgage, be sure to hire County Appraisals Inc., as we are approved and qualified to perform FHA appraisals. A portion of the ongoing training our staff at County Appraisals Inc. receives deals strictly with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. 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. |