Need an appraisal for an FHA-backed mortgage? Call MJ Ketter AppraisalsThe FHA publishes a list of approved appraisers for each state - MJ Ketter Appraisals is on the roster of approved appraisers for IL. We're certified and approved to do appraisals for FHA insured financial transactions. A portion of the continuing training our staff at MJ Ketter Appraisals completes deals exclusively with decoding the FHA's documentation and their rules and procedures. 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. If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid 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 particularly helpful to those buyers with less available starting capital. |