DEW Appraisals (630) 554-8979 is approved for FHA mortgagesWe are happy to say that DEW Appraisals (630) 554-8979 is an FHA-certified appraisal service in IL. This means that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. A portion of the periodic training our staff at DEW Appraisals (630) 554-8979 completes deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA loan, it means it is underwritten by them. The lending company takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are excessively beneficial to consumers with less starting capital. |