Fitzgerald AppraisalsWe assure you that Fitzgerald Appraisals is an FHA-approved appraisal provider in IL. Fitzgerald Appraisals is certified and approved to do reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Fitzgerald Appraisals is well-trained on how to comply with the rules and regulations provided. If you need an appraisal 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 financial transaction is an FHA-insured loan, it means it is secured by them. The lending company takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lenders that 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. The loan programs that the FHA offers are excessively helpful to buyers with less starting income. |